1098-T / AOC Tax Credit Questions

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<p>Wait, if you only paid the summer tuition directly to the college, then you can probably only take the credit on that amount.</p>

<p>How was the other $3733 paid? If you’re just subtracting scholarships from the theoretical COA to get that number, I don’t think you can take the credit on that. It has to be money you actually paid. You need to be careful that you are “allocating” the scholarships to things that the scholarship is actually allowed to cover. If the scholarship came directly from the school, it can probably only be used for direct expenses billed by the school. If it’s an outside scholarship it <em>may</em> be possible to use it for indirect expenses like travel and even “pocket money” for your D but you’d need to check the wording of the award(s).</p>