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Reply to "Reenrollment contracts due before decisions from other schools?"
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[quote=Anonymous][quote=Anonymous]What I don’t understand is why they don’t even let us convert it into a donation. There must be some law, as, Otherwise, why would they care. But it’s not like we are getting any actual value.[/quote] You ARE receiving something of value in exchange for your deposit — a spot for your child. This means the IRS does not allow it to be converted to a gift. It’s not the school’s decision, it’s the law. [/quote]
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