I’m looking for actual statues, regulations, or tax code references.
I have a foreign degree equivalent to a US. Bachelor’s degree. I don’t not qualify for Pell grants but I do for loans.
As for the American opportunity credit, it disqualifies someone from it if they have a bachelors degree or equivalent to one. Does this apply if I have a foreign degree or does it only apply if it is a degree from an elegible college. My foreign college is not an elegible college because it has absolutely no relation to the US department of education.
Thanks
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Here is the law https://www.law.cornell.edu/uscode/text/26/25A
and the regulations https://www.law.cornell.edu/cfr/text/26/1.25A-1
@James2020 , agreeing with @ee-ea but wondering -- (a) what courses are you taking and trying to use American Opportunity Credit for ; (b) Are you a citizen/Resident of the USA; (c) Do you have SSN.
I ask this because AOC is generally focused towards US citizens/Residents undergoing the first four years of post secondary education. Please answer
@James2020 thank you for your response. Suggest you peruse through the below code --- it does appear to say suggest that for loans etc. having a batchelors does not make you in-eligible.
--> https://www.law.cornell.edu/uscode/text/20/chapter-28/subchapter-IV
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