ST Alpha - "That doesn't seem to clarify anything though. It's too vague to know if you can take a deduction in the cash year or the accrued/enrolled year. -- nm" (Reading a Post)

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In response to "yeah, that was my read too -- nm" by oblique

That doesn't seem to clarify anything though. It's too vague to know if you can take a deduction in the cash year or the accrued/enrolled year. -- nm

Posted by Max Dec 2 '16, 12:42

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from my recent experience, deductions and credits can only be taken in the year the relevant expenses were paid. - znufrii Dec 2, 12:48 2
- E.g., the American opportunity tax credit may be taken for expenses paid in 2015 for an academic period beginning in 2015 or the first three months of - znufrii Dec 2, 12:52
- just lie about the year. The IRS doesn't pay attention to little fibs -- nm - decline Dec 2, 12:48

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