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If the 1098-T is marked that she is a graduate student, that is correct. There are two requirements in regards to the number of years in school and the American Opportunity Credit. The credit is only available for four years, and it is only available to undergraduate students. However, if she finished her bachelors degree in May, she should still qualify for 2016.
First, the American Opportunity Credit requirements:
defined by the IRS here as the freshman through senior years of college).
Make sure the 1098-T
does not have box 9 checked for being a graduate student.
If the 1098-T is marked that she is a graduate student, that is correct. There are two requirements in regards to the number of years in school and the American Opportunity Credit. The credit is only available for four years, and it is only available to undergraduate students. However, if she finished her bachelors degree in May, she should still qualify for 2016.
First, the American Opportunity Credit requirements:
defined by the IRS here as the freshman through senior years of college).
Make sure the 1098-T
does not have box 9 checked for being a graduate student.
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