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Issue with American Opportunity Credit
Hi! While filing for my education deductions and credits, TurboTax says that I qualify for the American Opportunity Credit. It then asks if I've received a letter or notification from the IRS stating I need to fill out Form 8862 to claim the American Opportunity Credit. I didn't, and so I click "No", but then it continues without adding the credit as if nothing happened. How can I claim the credit?
Also, evidently I qualify for the Lifetime Learning Credit too, though TurboTax isn't letting me select it as an alternative. If the AOC doesn't work out, is there a way to switch to the LLC?
Thank you in advance, it's greatly appreciated!
Topics:
March 12, 2021
9:25 AM