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Why am I not qualifying for the education tax break, yet I paid $6k out of pocket for school? It says "there were no net qualified education expenses", can you explain?
I'm having a hard time understanding why it says "there were no net qualified education expenses" when I spent almost $6,000 on graduate school tuition out of pocket with no loans or scholarships. And my 1098T form has box 1 ($5,703) greater than box 5 amount of zero. Based on my adjusted gross income, I should have qualified for the American Opportunity Tax Credit, since it is $67,247.86. I would appreciate any further explanation of why I do not qualify. Thank you!
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‎June 1, 2019
10:24 AM