mdmcfarland Posted February 11, 2008 Report Share Posted February 11, 2008 We have several clients that are housing foreign exchange students this year. They have asked us about credit for foreign exchange students. Do any of you know about this and/or where it is reported? Quote Link to comment Share on other sites More sharing options...
Bart Posted February 11, 2008 Report Share Posted February 11, 2008 We have several clients that are housing foreign exchange students this year. They have asked us about credit for foreign exchange students. Do any of you know about this and/or where it is reported? You get a contribution deduction of $ 50.00 per month that the foreign student lives in your home more than half the month. Sec 170(g). Quote Link to comment Share on other sites More sharing options...
mdmcfarland Posted February 11, 2008 Author Report Share Posted February 11, 2008 Thank you. I don't think any of our clients will be able to use it since you have to itemize in order to use it. That wasn't the reason they have foreign students with them anyway, but when they are told they can have a credit it is hard to make them understand. Quote Link to comment Share on other sites More sharing options...
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