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2430 was charged for year 2011 i looked up on ctu website the 1099 form doesnt list what was paid worrying about 2012,s return i noticed 2012 form 1099 doest list what was paid but it is listed on the campus website.I was under the impression it was all dedectable
so billed tuition does not count?
Generally, no. it's the net amount you paid.
let's say you start school September 2012, and tuition and fees is $5,300. Your financial aid totals $3,400. $1,900 is available for the 2012 credits.
The credits are capped, too, so most people qualify for the maximum.
think the cap is 4,000
yes, and the credit is limited to $4,000 tuition spent, then a 50% credit.
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