FangxiaL
Expert Alumni

Deductions & credits

In the list of the document requests, see what the revenue agent is asking. Whenever you claim a credit or take a deduction, make sure you can substantiate that. For the AOTC, 1098-T is important, you should be able to come up with some bank statements or credit statements to back up the payments made. 

Whether the IRS takes away the entire credit or not depends on how much you can substantiate. 

 

 

@jobyboy
 

 


 

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