Need help with American Opportunity Tax Credit AOTC Calculation
I would like to know if I can get American Opportunity Tax Credit as a dependent and all grants and loans considered.
On my form 1098-T:
- Payments receieved for qualified tution and related expenses: $5,637
- Scholarships and Grants: $5,698 (Pell was $3,698)
Federal subsidized loan amount I accepted: $2,721