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Author: felipej Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: What do I do with a 1098-T? Date: 2/14/2001 11:03 PM
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I'm doing an MBA part-time and I received a 1098-T with the amount I paid in tuition/fees for 2000. I make more than $50k so my tax software said I cannot get the Hope or the other education credit.

Is this the only reason I would use this form? Can I deduct my school tuition (or a portion) somehow?

My MBA is in Finance & Statistics and I work as a network administrator for a financial services company.


OK, I reviewed pub 508 about the job-related education expense. My question now is, would a Finance + Statistics MBA be considered as qualifying me for a "new trade or business"?

I can definitely use statistics for my current job. Is this general enough to allow the expense? or can they come out and say "oh, now you can be a financial analyst so pay up"?

An MBA degree is pretty general and I suppose could qualify me for numerous other "trades or businesses"

thanks
Felipe
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