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URL:  http://boards.fool.com/new-educational-expense-deduction-18661878.aspx

Subject:  new educational expense deduction Date:  2/27/2003  8:10 PM
Author:  MEG Number:  64143 of 120812

I have two boys in college, one in the fourth year and the other in the third year.

I realize that I cannot take the new educational expense deduction
and the lifetime credit for the same student.
but I have two sons, expenses for son #1 is $3500
educational expenses for son #2 is $4605.

Question: can I take the new $3000 eductional deductional Line 26 on form 1040 for son #1
AND the lifetime credit for son # 2 20% of the $4605 =$921

I think so
Thanks in advance

MEG


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