Three Brief Income Tax Questions...

1. Education credit (life long learning) no tution paid, but registration fee was paid. As a required and related fee, this is ok to claim?

2. Education credit does not include travel, lodging, or meals. As these relate to "business" as well - can these, or a portion/percentage of these be claimed on the appropriate schedule C?

3. Interest income - combined total of parents and children (in household) is reported, correct?

Thanks for taking the questions!

1. Education credit (life long learning) no tuition paid, but registration fee was paid. As a required and related fee, this is ok to claim?

Registration fees qualify for the education tax credit. Generally, qualified expenses are tuition and fees required for
enrollment or attendance at an eligible educations institution.

2. Education credit does not include travel, lodging, or meals. As these relate to "business" as well - can these, or a portion/percentage of these be claimed on the appropriate schedule C?

I don’t understand what you mean by “relate to business as well,” but if these are business expenses, they can be
deducted on Schedule C.

3. Interest income - combined total of parents and children (in household) is reported, correct?

Usually, the children’s interest is not reported on the parents’ return; however, there is a situation in which that is done: see Chapter 32, Tax on Investment Income of Certain Minor Children, in IRS Publication 17, Your Federal Income Tax, which you can download for free at the IRS site at: [url]http://www.irs.ustreas.gov/forms_pubs/index.html[/url]