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The answer to this c
The answer to this can be found in IRS Publication 970. (The link is below.) I've pestad the relevant sections in below. Hope Credit: Paid with borrowed funds. You can claim a Hope credit for qualified education expenses paid with the proceeds of a loan. You use the expenses to figure the Hope credit for the year in which the expenses are paid, not the year in which the loan is repaid. Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Lifetime Learning Credit: Paid with borrowed funds. You can claim a lifetime learning credit for qualified education expenses paid with the proceeds of a loan. You use the expenses to figure the lifetime learning credit for the year in which the expenses are paid, not the year in which the loan is repaid. Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account.





(VISITOR) AUTHOR'S NAME
Obirturk

MESSAGE TIMESTAMP
19 december 2014, 07:47:39

AUTHOR'S IP LOGGED
166.149.236.72




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