I am taking courses online at a professional institute (Appraisal Institute) so that I can apply for a state license. I will be starting a new career. Do I qualify for the Lifetime Learning Credit? I pay for the online classes, books, and professional membership fees.
Thank you .
You must attend an eligible educational institution. From the IRS:
"An eligible educational institution is a school offering higher education beyond high school. It is any college, university, trade school, or other post secondary educational institution eligible to participate in a student aid program run by the U.S. Department of Education.
This includes most accredited public, nonprofit and privately-owned–for-profit postsecondary institutions.
If you aren’t sure if your school is an eligible educational institution: