GI Bill and Lifetime Learning Credit

I'm currently enrolled in a program where the University tuition/fees are paid in full by the GI Bill but I'm covering significant other expenses myself. The school has stated they are not issuing a 1098-T because the total amounts of contract payment (BOX 5) received were greater than tuition and fees (less health insurance and med services fee, BOX 1) paid during the tax year. However, there are high expenses I've had to pay to my specific department and for specialized supplies. Can I claim the Lifetime Learning Credit for those out of pocket expenses, and if so, how do I properly maintain a record of what I spent?

421

Level 15

Feb 3, 2024 12:18:49 PM

Q. I've had to pay to my specific department and for specialized supplies. Can I claim the Lifetime Learning Credit for those out of pocket expenses?

A. No. Books and other course materials are usually qualified expenses for the American Opportunity credit (AOC), but not the Lifetime Learning Credit (LLC). The expenses would only count if you were required to purchase them from the school.

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GI Bill and Lifetime Learning Credit