qwerty3656
Full time employment: Posting here.
- Joined
- Nov 17, 2020
- Messages
- 762
In terms of keeping track of/reporting gifts, does it matter whether I give him money, or pay directly to the school for tuition? Do I have to report anything?
In terms of keeping track of/reporting gifts, does it matter whether I give him money, or pay directly to the school for tuition? Do I have to report anything?
At a certain age or is it deduction status, you can no long take the Credit for college tuition. When this happened, I gifted the money and let the kid get the credit on their taxes.