Hal_Al
Level 15

Education

@lori700 

 

Q. Is it best to calculate AOTC credit amount without manipulating the Spring Scholarships since they were not included on my payment history/1098T for 2021?

A.  YOU have to decide that.  That said, I read just the opposite. You were billed tuition in Dec 2021, but the tuition was not actually paid until 2022, when the scholarship was posted. You need to adjust (reduce the box 1 amount by the scholarship amount). And go thru the same rigmarole next year

 

Q. To complicate it -I paid some of the QHEE for 21 in January 22 so guessing that can't go into AOTC credit figures either year?

A.  Not necessarily. You made a payment in 2022. You can't count that for 2021, but you can still count it for 2022, (assuming you're billed for more tuition sometime if 2022).