Be careful however: there are two categories of "required" expenses; those required to be paid to the school, and expenses that are paid to other businesses. Expenses paid to third-parties (bookstore, art supply store, etc.) are eligible for the AOTC but not the Lifetime Learning credit. The Lifetime Learning Credit only accepts expenses billed by the school and paid to the school. Turbotax asks about these two categories separately. If you pay attention to the interview and enter the school and non-school expenses in the correct place, Turbotax will handle the rest of the math for you.
