Veterans Affairs tuition program

[MargaretMort]

Client is active duty AF. Son is in college. They received a 1098-T for payments received of qualified and related expenses. She says they "got reimbursed for 1/2 the amount on the 1098-T from the Veterans Affairs tuition program". If I understood her correctly, they have yet to receive the reimbursement.

In my little pea brain, I remember reading that military dependents can receive financial assistance through the new GI Bill. I can't find anything about this and I truly don't know if it makes any difference.

I think I will show the tuition paid and not worry about the "repayment". If I do that I would have to show the 1/2 re-paid--if it ever is--as income for 2010, I assume.

Am I clear as mud? I am frustrated that I have been unable to find the answers to my questions on line so I have come to you, again, for clear minded thinking.

As always, many, many thanks.

MM

[schirallicpa]

A lot of veterns benefits stay under the IRS radar. Good for them. God bless the veterns. I doubt anything is reported on it.