No, not for the same student. In the same taxable year, a taxpayer may claim a American Opportunity Credit for each eligible student's qualified tuition and related expenses and a Lifetime Learning Credit for one or more other students' qualified tuition and related expenses. However, a taxpayer may not claim both an American Opportunity Credit and a Lifetime Learning Credit with respect to the same student in the same taxable year [Reg. §1.25A-1(b)(1)]
Can a taxpayer claim the American Opportunity Credit and the Lifetime Learning Credit for the same student in the same year if the student was an undergraduate student for the spring semester and a graduate student for the fall semester?
Modified on: Sun, 5 Feb, 2017 at 7:45 PM
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