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 deductionand 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 #1AND the lifetime credit for son # 2 20% of the $4605 =$921I think so Thanks in advanceMEG
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