If taxpayer's dependent student is in the 4th year of college why does the American Opportunity Credit not work when it was claimed for 3 years?

[bob-k-corvette]

Student is dependent of taxpayer.  Tuition paid in box 1 of Form 1098-T is $ 30715.

Box 5 shows $ 2,500. Scholarship payment.

[Just-Lisa-Now-]

It should show the reason right on the Student Exp Worksheet.

[IRonMaN · Accepted solution]

Too much income?  Fourth year of college could be 5th year of tax returns?

[rbynaker]

It should tell you in Part III of the Student Info Wks.  Screenshot attached.

[Just-Lisa-Now-]

:joy:

[rbynaker]

(It's April 1st somewhere . . .)

[TaxGuyBill]

Yeah, I think that is the most common reason why the American Opportunity Credit is disallowed.   :smile:

[rbynaker]

There are so many reasons, I wish I could keep track of them all.