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Hello, can the American Opportunity Credit or Lifetime Learning Credit apply in my return if I'm claimed by my parents? Can I reference the same 1098-T here use by them?

 
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2 Replies
Hal_Al
Level 15

Hello, can the American Opportunity Credit or Lifetime Learning Credit apply in my return if I'm claimed by my parents? Can I reference the same 1098-T here use by them?

No. The tuition credit or deduction goes with the student's dependency.  So, if they claim you, they also claim it.  It may not be claimed twice.

Hello, can the American Opportunity Credit or Lifetime Learning Credit apply in my return if I'm claimed by my parents? Can I reference the same 1098-T here use by them?

Hi Hal, thanks for the quick response. So it can stay on the parents' return with the student as a dependent, right.

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