@Hal_Al
Happy New Year!
Thinking about this again it seems to take LLC this year (instead of next year) and AOTC next year will get me the most for the two years. I already paid her tuition $7000 in August, and will pay the $3000 in Jan 2025 for her graduation year. If I use AOTC this year and LLC next year I will get $2500 AOTC this year and $600 LLC next year total $3100.
If I use LLC this year I will get $1400 this year and $2250 next year, total $3650.
LLC is 20% of up to $10,000 tuition. AOTC is 100% of first $2000 and 25% of next $2000.
AOTC does not have to be taken in consecutive years.
Is this possible?
Thanks again!
