So confused, any help would be appreciated!
I thought that the first 2000.00 of what you paid in QEE was given as the credit. This is what I have on our 1098-T
Line 2, amount billed 15,488
Line 5, Scholarships 11,704
We paid over 8,000 to the college this year (plus my daughters loans) however I only put that we paid 3784, which is the difference between the billed amount and scholarship, we are not claiming the scholarship as income so the 3784 is what is left over in QEE. When I put this amount in the tax software as paid education expenses, it gives us no education credits.
We do meet all the requirements to take the credit and we fall within the income range to take the credit as well.
Am I missing something here?? Please say yes!!