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Education Tax-Free Grants Claimed as Income to Qualify for American Opportunity Tax Credit
In the IRS 2019 Publication 970, it states that,
"It may benefit you to choose to include otherwise tax-free scholarships or fellowship grants in income. This may increase your education credit and lower your total tax or increase your refund."
How do I go about claiming this as income? I have a 1098-T, I just need to figure out which option in income forms this would fall under.
‎February 14, 2020
11:06 AM