So here is the deal. I graduated from college in May 2020. I am trying to Claim the American Opportunity Credit. In November 2019, my tuition for Spring 2020 was posted. I saved up and paid the difference of my Tuition $14,165 and Scholarships/Financial Aid of $8,687 for a total payment of $5,878 on November 4th, 2019. When I got my 1098-T form the other day, my box #1 had a total of $7,596 and box #5 total of $8,687. When I went to work on my taxes it would not allow me to claim the American Opportunity Credit because my aid was more than my expenses. This is not true because my total cost for the spring semester was $14k. If anyone could provide guidance I would greatly appreciate it as this credit is a huge deal to my finances.
