TurboTax says I do not qualify for the American Opportunity Credit. I clicked on the "why didn't I get this?" button, which came up with the following:
"Not everyone qualifies for this credit. The most common reasons why you wouldn’t qualify for the American opportunity credit are:
None of these items apply to me. Why else might I not qualify for the credit?
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That's why you didn't get the American Opportunity Credit. The credit is only available for undergraduate studies. Post-graduate studies only qualify for the Lifetime Learning Credit.
Are you still in your first 4 years as an undergraduate? Also see:
I am not in my first 4 years of my undergraduate. I am in the 2nd year of a master's program (in an accredited degree program at an accredited university).
That's why you didn't get the American Opportunity Credit. The credit is only available for undergraduate studies. Post-graduate studies only qualify for the Lifetime Learning Credit.
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