Can I claim 2017 tuition reported on the 2016 1098-T?
Details:
My mom claimed my 1098-T beginning in 2013, 2014, and 2016, so I should have one more year to claim the American Opportunity credit.
2016 1098-T contains tuition billed in 2017, as box 7 is checked. She claimed the AOTC in 2016 on my tuition.
My school billed the Spring 2017 semester in December 2016, which is why it's reporting this way. My student loans applied when I was billed.
I paid cash for what my loans and scholarships did not cover. I'd like to be able to use the full $5,000 of tuition paid (which includes student loans applied for my Spring 2017 tuition in December of 2016).
Claiming the credit will drastically change my tax situation, so I want to avoid getting stuck with a penalty.
