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Amending a prior year to maximize the american opportunity credit

Lori11
Level 1

I want to ammend a 2020 return  because the american opportuniy credit was only 169 and take the lifetime learning credit for that year. Then I could take the american opportunity credit on the 2022 return because that way I would not have used up my 4th year of that credit

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3 Comments 3
TaxGuyBill
Level 15

Okay.

Do you have a question?

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Lori11
Level 1

Just confirming that swapping out a year for the credit is acceptable

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TaxGuyBill
Level 15

Yep.

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