Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 20 · column 4 of 6 · from the scan, no model involved
Relationships with other code sections
Election may not be made if an election is made to exclude gross distributions from an EDIRA. May not be claimed in the same year as the Lifetime Learning credit for the same student.
Election may not be made if an election is made to exclude gross distributions from an EDIRA. May not be claimed in the same year as the HOPE Learning credit for the same student.
Cannot be used in year contribution is made for the beneficiary to state tuition program. Exclusion cannot be claimed in the same year as HOPE or Lifetime Learning Credit.
Distribution can be used while also claiming HOPE credit or the Lifetime Credit. Cannot make contributions in a year in which contribution is made for the same beneficiary to an EDIRA
The amount of higher education expense must be reduced by the amount of expenses taken into account in determining the HOPE and Lifetime Learning credit.
Interest is not deductible under this code section if it is allowed as a deduction under another section of the Code, i.e., if the interest is deductible as home equity loan interest
None
91.7%