Can I deduct a college enrollment deposit made in 2021 that is recorded by the college as a *tuition* credit? I will not start paying tuition until Aug 2022 due to gap yr
Can I deduct a college enrollment deposit made in 2021 that is recorded by the college as a *tuition* credit? I will not start paying tuition until Aug 2022 due to gap yr
No. "For purposes of the lifetime learning credit, an eligible student is a student who is enrolled in one or more courses at an eligible educational institution". For the American Opportunity Credit, you would have to be half time or more.