Hi Hal or Al-
am I supposed to be typing these into a message to you directly? I was reading through some information about scholarships and I have a question about a loophole that you mentioned in one of your answers. I also have questions about my daughters many required fees and classes as part of her nursing program that I also so I mentioned in a question to you.
I have never nor have my kids claimed the American lifetime opportunity credit. My sons box 5 is greater than his box one on his 1098T. My daughters was but not by much and she did not need to file taxes until this year because of a job that she had combined with the 1098t.
Q my kids are now 22 and graduated already in 2022. Was I eligible to do some thing to be able to get the American opportunity lifetime credit? I did not think that we qualified and usually I don’t even file taxes because I only have Social Security disability income. Could I or my children been able to get the a American opportunity credit?
can we amend prior tax returns or is it not worth it and for this year 2021…. I thought when I went through TurboTax that it said my son was not eligible for the credit? I plan on doing my taxes this year even though I don’t need to but who would claim the opportunity credit if my son files independent would it be him and how is that done I don’t understand this loophole. this pertains to both my daughter and my son they are twins.
Q My daughter also had a 1098 t with 8k amount Of box 5 over box one this year and prior years it was about 2-3000. She never had to file taxes until this year because she had an income of 10,000+ the 1098 put her over the standard deduction.
She is in a nursing program and has many CPR CNA?? Many additional fees required for nursing but she never filed taxes so she should she have?
Q You mentioned there’s a way to modify the 1098T and not use the actual numbers? Is there a way to subtract out all of these fees and CPR classes that she had?
Is it too late to go back in time and should we just focus on this year. I’m doing my sons taxes and their father is doing my daughters I don’t think he’s aware of anything regarding the American opportunity act Or adjusting the 1098T
Q can you please explain how to get the American opportunity act if my son has a scholarship and Turbotax says he doesn’t qualify and also how to go in and change the 1098T for my daughters nursing fees.
thanks so much
