Hi,
I received a 1098-T for tuition I paid in 2021 for classes I took last fall and currently this winter. My employer will reimburse about half of the tuition, but only after I complete the classes. I would like to claim the lifetime learning credit for the part of tuition I will not be reimbursed for, but I am not sure how to do that when the years I pay tuition are not the same as the years I am reimbursed.
2021 - I paid a big chunk of tuition
2022 - I will pay a little more, but be reimbursed for 2021/some of 2022.
2023 - I don't pay any tuition, but am reimbursed for some of 2022.
Would I report what I actually paid out of pocket as the amount of tuition paid in 2021 and ignore the fact that I'll be reimbursed later on, or do I report what I paid less what I expect to be reimbursed? It seems weird to equally weird to put down something that hasn't happened yet and something that is just ignoring the reimbursement.
