<p>My son’s college provided grants of ~$11k each for spring & fall semester 2010, and ~$11K for spring 2011, all in 2010. I can apply qualified tuition bills ~$6K each for spring, fall 2010 and spring 2011 totalling ~18K for 2010, leaving him with a taxable income of $15K which will trigger a ~$1000 tax bill.<br>
Can I move the ~11k grant meant for spring semester 2011(applied on 30 Dec 2010) and the ~6K qualified tuition expense to 2011, leaving him with a ~$22K-$12K = $10K taxable income and a smaller ~$400 bill? Or does the grant meant for spring semester 2011 which was granted on Dec 30, 2010 have to counted in the 2010 tax year?
Anybody face this situation before or has an opinion on this?</p>