American Opportunity Credit, 5th year student

New client has daughter that graduated from high school in 2007 and started college in August of the same year.

Past tax returns that show a Hope/AOC taken for his daughter in 2007, 2008, and

2009. However in 2010 the Lifetime Learning Credit was taken.

The daughter was a 5th year senior in 2011. Can the taxpayer take the AOC for qualified expenses paid in 2011?

Reply to
mammondee
Loading thread data ...

Yes, for QEE paid in 2011 for an academic period beginning before April 1 2012.

Reply to
Arthur Kamlet

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.