Dear Paula,
Thank you for your reply.
Actually, my daughter received grant in the amount of $8,288. So, we paid only $870 for tuition and room and board in the amount of $10,290. Total our expense is $11,160. Among $11,160, we received coverdell ira distribution in the amount of $5,000. To calculate american opportunity credit, can we apply entire room and board expense as education expense? Is there any limits? Please advice! Thank you.
