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Can I claim the american opportunity tax credit by reporting box 5 of 1098T as blank and instead reporting it in Misc Income?
I received a 1098T where my scholarships / grants in Box 5 exceed eligible deductions. In order to qualify for the AOC credit, could I leave the Box 5 blank and instead add the entire value to the Other Miscellaneous Income? For the deduction / credit section with 1098T I only recorded education expenses and left the reported grants / scholarship as 0. Is this allowed?
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‎June 1, 2019
12:51 PM