(c) No double benefit
(1) In general
No deduction shall be allowed under subsection (a) for any expense for which a deduction is allowed to the taxpayer under any other provision of this chapter.
(2) Coordination with other education incentives
(A) Denial of deduction if credit elected No deduction shall be allowed under subsection (a) for a taxable year with respect to the qualified tuition and related expenses with respect to an individual if the taxpayer or any other person elects to have section
25A apply with respect to such individual for such year.
(B) Coordination with exclusions The total amount of qualified tuition and related expenses shall be reduced by the amount of such expenses taken into account in determining any amount excluded under section
135,
529 (c)(1), or
530 (d)(2). For purposes of the preceding sentence, the amount taken into account in determining the amount excluded under section
529 (c)(1) shall not include that portion of the distribution which represents a return of any contributions to the plan.
(3) Dependents No deduction shall be allowed under subsection (a) to any individual with respect to whom a deduction under section
151 is allowable to another taxpayer for a taxable year beginning in the calendar year in which such individuals taxable year begins.
(d) Definitions and special rules For purposes of this section
(1) Qualified tuition and related expenses The term qualified tuition and related expenses has the meaning given such term by section
25A (f). Such expenses shall be reduced in the same manner as under section
25A (g)(2).
(2) Identification requirement
No deduction shall be allowed under subsection (a) to a taxpayer with respect to the qualified tuition and related expenses of an individual unless the taxpayer includes the name and taxpayer identification number of the individual on the return of tax for the taxable year.
(3) Limitation on taxable year of deduction
(A) In general
A deduction shall be allowed under subsection (a) for qualified tuition and related expenses for any taxable year only to the extent such expenses are in connection with enrollment at an institution of higher education during the taxable year.
(B) Certain prepayments allowed
Subparagraph (A) shall not apply to qualified tuition and related expenses paid during a taxable year if such expenses are in connection with an academic term beginning during such taxable year or during the first 3 months of the next taxable year.
(4) No deduction for married individuals filing separate returns If the taxpayer is a married individual (within the meaning of section
7703), this section shall apply only if the taxpayer and the taxpayers spouse file a joint return for the taxable year.
(5) Nonresident aliens
If the taxpayer is a nonresident alien individual for any portion of the taxable year, this section shall apply only if such individual is treated as a resident alien of the United States for purposes of this chapter by reason of an election under subsection (g) or (h) of section 6013.
(6) Regulations
The Secretary may prescribe such regulations as may be necessary or appropriate to carry out this section, including regulations requiring recordkeeping and information reporting.
