Client's daughter attended a trade school in 2020 and received a 1098t from school. box 1 is 6000, box 5 2000. box 8 is checked as at least half time student. The school is a school of hair, skin & body. Does she qualify for AOT in 2020? The school only lasted one term.
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Probably. https://www.irs.gov/credits-deductio...ucational-inst
Ask the client or call the school."Taxation is the price we pay for failing to build a civilized society." ~ Mark Skousen -
How do I know if my school is an eligible educational institution?
A21. An eligible educational institution is a school offering higher education beyond high school. It is any college, university, vocational school, or other post-secondary educational institution eligible to participate in a Federal student aid program run by the U.S. Department of Education. This includes most accredited public, nonprofit and privately-owned–for-profit post-secondary institutions.
If you aren’t sure if your school is an eligible educational institution:- Check to see if the student received a Form 1098-T, Tuition Statement. Eligible educational institutions are required to issue students Form 1098-T, Tuition Statement (some exceptions apply).
- Ask your school if it is an eligible educational institution, or
- See if your school is on the U.S. Department of Education’s Database of Accredited Post Secondary Institutions and Programs (DAPIP) or the Federal Student Loan Program list.
Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDRComment
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As long as there is a 1098-T I don't question the school's qualification.This post is for discussion purposes only and should be verified with other sources before actual use.
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