Form 8815 and AOC

I caused out a savings bond to pay for college for myself. My daughter also attended college. I want to use my expenses for the 8815 form to exclude some of the interest. Then on my daughter's I want to use hers for the AOC credit. I don't want to double dip. Am I allowed to do this?

posted

You can pay taxes on the bond interest to claim the AOTC. You only need $4,000 of qualified tuition and expenses to claim the full amount. The rest of the bond interest can be deducted on form 8815

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"