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February 3, 2024
Question

How do I know if I took the American opportunity credit?

  • February 3, 2024
  • 1 reply
  • 0 views
Where on my previous tax forms would I be able to figure this out?

1 reply

Hal_Al
Employee
February 3, 2024

You will have a form 8863 as part of your federal tax filing.  The line on form 1040, have changed, over the years, but most recently the AOC is on lines 20 and 29 (refundable portion).  If your parents claimed you as a dependent, while you were in school, the times they claimed the AOC count against you 4 allowable times.