KrisD15
Expert Alumni

State tax filing

Yes 

 

Additionally, the total tuition (both under grad and grad) would be eligible for a Federal Education Credit as expenses for the first four years of a degree (if you meet the other requirements for a credit). 

If you are eligible for a credit, you would uncheck that box, and compute the federal credit.

 

You would need to adjust the amount for the state since the state will recognize the undergrad expense only.

 

According to the IRS:

"Example 2. After taking classes at College V on a part-time basis for a few years, Shelly became a full-time student for the 2021 spring semester. College V classified Shelly as a second-semester senior (fourth year) for the 2021 spring semester and as a first-semester graduate student (fifth year) for the 2021 fall semester. Because College V didn't classify Shelly as having completed the first 4 years of postsecondary education as of the beginning of 2021, Shelly is an eligible student for tax year 2021. Therefore, the qualified education expenses paid for the 2021 spring semester and the 2021 fall semester are taken into account in figuring the American opportunity credit for 2021."

 

RS Pub 970

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"