Question
U.S. Grad Student in Canada: No Lifetime Learning Credit?
I am a U.S. citizen doing their Ph.D. in Canada. I'm considered a Canadian tax resident, but the U.S. takes 10% of my already-meager graduate stipend. My school said I should be eligible for the Lifetime Learning Credit, which should offset much of my U.S. tax liability. However, when I enter my information into the system, I am told that my nonrefundable credit for the LLC is $0. I would understand this if I had no tax liability, but I owe quite a bit of money. Does anyone have any answers for this?
