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This question is related to American Opportunity Tax Credit.
Hi Barbara, this question is related to American Opportunity Tax Credit. I am a full time, and I received financial aid from 2016-2018. The school provided me with a 1098-T, which I cannot locate,I ha… read more
Barbara
Barbara
Enrolled Agent, Paralegal
9,331 satisfied customers
My wife has bachelors degree from foreign country (INDIA)
My wife has bachelors degree from foreign country (INDIA) 2010. We came to united states few years ago. In 2018, she went to college to get Associate Degree. Can i claim Americal Opportunity Tax credit for her?I read that student should not have completed bachelors degree. But since my wife completed bachelors degree from different country and she had not used AOTC yet, does that make her eligible now? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
9,331 satisfied customers
My wife has bachelors degree from foreign country (INDIA)
Second opinion] My wife has bachelors degree from foreign country (INDIA) earned in 2010. We came to united states few years ago. In 2018, she went to college to get Associate Degree. Can i claim Amer… read more
Anne
Anne
Master Tax Preparer
2,420 satisfied customers
I have two W-2's from one employer. One is for wages/income
I have two W-2's from one employer. One is for wages/income and one is for scholarship/tuition reimbursement. How do I enter the second W-2? … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
867 satisfied customers
I have 2 properties in india which i want to sell and bring
i have 2 properties in india which i want to sell and bring the cash to USA i know i have to pay taxes in india for that, just wanted to be sure, if i have to pay taxes on that money in USA too ? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
15,511 satisfied customers
I and my Spouse both are working each make's 120,000+ and
I and my Spouse both are working each make's 120,000+ and total income is between 2, 25,000 – 2, 50,000 per year. Now my spouse want to enroll in state local college pursuing a master's degree party t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,736 satisfied customers
Is taxable for Scholarship a high school student receives
Is taxable for Scholarship a high school student receives from non-profit organization ? (Amount is 4,000.00)?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,779 satisfied customers
I was reading a question winktax had answered for another
Hi, I was reading a question winktax had answered for another customer about the 1098-T. When box 5 exceeds box 1 or 2, it may be taxable, but he said it can include qualified educational expenses inc… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,736 satisfied customers
The Accountant will know how to help. Please tell me more,
Ok Here is my question I have moved to the USA around 18 months ago. I am in USA on work visa. Prior to coming into USA - I have property in India (where I used to reside) I understand that sale of property in India is now taxable for me in USA (as I am now a US resident) However, I have also read that there is a DTAA (Double taxation avoidance agreement) between India and USA and as per that agreement - sale of property is taxable in the country of origin. So if I sell my property in India - it will be subjected to tax in India as per laws in India and with the DTAA - there will no additional tax on it in the USA. Can you please let me know if my understanding is correct? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
15,511 satisfied customers
The American Opportunity Tax Credit is available to students
The American Opportunity Tax Credit is available to students who are in school. However, the rule is that the student must be in their first four years of school. What does this mean? I am a student f… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,736 satisfied customers
A dependent started college Sep 2010 and here is what I have claimed so far: 2010 - Lifet
A dependent started college Sep 2010 and here is what I have claimed so far: 2010 - Lifetime Learning Credit 2011 - American Opportunity Credit 2012 - American Opportunity Credit 2013 - American Oppor… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,630 satisfied customers
, I'e a different question, although to some extent it
Hi, I'e a different question, although to some extent it relates to previous question on AOC. 1. My friends (one of them did his master's and he says his CPA claimed credit for him under AOC) suggest … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,630 satisfied customers
In 2014, I was enrolled in a university pursuing a dual degree.
In 2014, I was enrolled in a university pursuing a dual degree. This means that I was pursuing a bachelor degree that would lead into a masters, saving both time and money. I transferred schools. At t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,630 satisfied customers
I am a business major with a B.S. degree in Business Information
I am a business major with a B.S. degree in Business Information Systems as well as a B.S. in Supply Chain Management. These are both business majors but are heavily focused on information technology … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
Hello, Can a U.S. student who received an undergraduate degree
Hello, Can a U.S. student who received an undergraduate degree abroad claim the American Opportunity Tax Credit for 2010 if he is going for his Ph.D in the United States now? Thank you… read more
Anne
Anne
Master Tax Preparer
2,420 satisfied customers
The American Opportunity Credit is only for the first four
The American Opportunity Credit is only for the first four years of post-secondary education, does that still apply if the student was not a US citizen and received a degree in their home country? I.E… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,736 satisfied customers
I am doing my taxes online with HR Block but have run into
I am doing my taxes online with HR Block but have run into a roadblock concerning the opportunity credit for education. I was an undergraduate student in 2009 for 9 months earned my Bachelors Degree (… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
Hello I am a citizen of India, and I graduated with my PhD
Hello I am a citizen of India, and I graduated with my PhD in 2009 after 6 years in an NY University. I am currently employed on Optional Practical Training (OPT). Question: Am I a US resident for tax… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,736 satisfied customers
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