which of the following is a qualified education expense for the purpose of tax-free scholarships?
a. Room and board.
b. Textbooks.
c. Transportation expenses.
d. Equipment not required for attendance.

Respuesta :

The  option that is a qualified education expense for the purpose of tax-free scholarships is b. Textbooks.

What is a tax-free scholarships ?

It should be noted that the Income from a scholarship can be regarded as an exempt from tax however the scholarship holder must be receiving full-time instruction at a university as well as other  educational establishment.

The exemption can not be regrded as one that apply to any income you receive from a fellowship because it is differnt from the sholarship,  hence the  scholarship  serves as the financial support that can be awarded to a student, which is usually done using the academic achievement or other criteria as a basis and this may include financial need, for the purpose of schooling and this can come in differnt forms scholarships and the most common being merit-based and need-based.

Therefore, option B is correct.

Learn more about tax at:

https://brainly.com/question/25783927

#SPJ1