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Do I qualify for the American Opportunity Credit or not?
The wording on the IRS site and the questions on Turbotax cause me confusion.
I've been in college for more than 4 years but I haven't earned my bachelor's degree yet.
Turbotax says I qualify for it because, "You didn't earn four years of college credit before the current tax year, even if you attended college for four years or more".
The IRS says you qualify if, "Not have finished the first four years of higher education at the beginning of the tax year"
So what is it? Do I qualify because I haven't earned 4 years worth of college credit but have been in school for longer than 4 years OR I don't qualify because I have been in school for longer than 4 years?
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March 26, 2021
3:13 PM