There is a question on the AOTC Drake software which asks: "How many years has the student taken the American Opportunity Tax Credit."
Johnny is enrolled at State U at age 18, but his parents made so much money that the credit phased out. Johnny himself is eligible, but he is unable to take the credit.
Now Johnny is still at State U at age 19. This time his parents had a bad year, and make less than $160.,000. Now the AOTC can be taken.
How is the question answered as to how many prior years the student has taken the AOTC? One year or No years??
Johnny is enrolled at State U at age 18, but his parents made so much money that the credit phased out. Johnny himself is eligible, but he is unable to take the credit.
Now Johnny is still at State U at age 19. This time his parents had a bad year, and make less than $160.,000. Now the AOTC can be taken.
How is the question answered as to how many prior years the student has taken the AOTC? One year or No years??
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