If I'm a NJ resident and I went to a credited university from puerto rico and I received the 1098-T for over $4000 of tuition paid, can I claim AOTC credit for $2,500?
If I'm a NJ resident and I went to a credited university from puerto rico and I received the 1098-T for over $4000 of tuition paid, can I claim AOTC credit for $2,500?
Nothing you have said (NJ resident, school in PR) would disqualify you from claiming the AOTC. But, there's more to it than that.
There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit.
You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.