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March 21, 2021
Question

During the Smart Check, the following came up: Dependent Information Worksheet (name) -- Student Info Worksheet: Question 1. Years of college must be entered. Our daughter has 2 years left for her undergraduate degree, how should I answer the questi

  • March 21, 2021
  • 1 reply
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    1 reply

    March 21, 2021

    An eligible student for the American Opportunity Credit is defined as a student who:

    • Is enrolled at least half-time in a program leading to a degree, certificate, or other recognized credential.
    • Had at least one academic period beginning during the year.
    • Didn't claim the American Opportunity Tax Credit for more than three previous years.
    • Didn't complete the first four years of post-secondary education before the beginning of the year.

    You need to revisit the Education section to make you have answered all the questions. 

    • Login to your account.
    • Select Federal from the left menu.
    • Go to Deductions and Credits.
    • Scroll down to Education 
    • Select Revisit next to Expenses and Scholarships (Form 1098-T)
    • On the screen Your Education Expenses Summary select edit next to your daughter's name.
    • Select Edit next to Education Information
    • On the screen Is This your daughter's First Year of College? Select No
    • On the screen Did your daughter Ever Receive the American Opportunity or Hope Credit? enter the number of years the credit was claimed.
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    Hal_Al
    Employee
    March 21, 2021

    Answer no, to the question #1, part II: "1. Did student complete the first 4 years of post secondary education as of 1/1/2020".