ugeu t8 pay for non-qualified expenses. O The portion used to pay for qualified

Question

ugeu t8 pay for non-qualified expenses. O The portion used to pay for qualified expenses. Mark for follow up Question 30 of 75 Which statement about education credits is FALSE? O A student may qualify for the lifetime learning credit f they have a felony drug conviction O Only four-year colleges are eligible institutions for the American Opportunity Credit. O A taxpayer can claim the American Opportunity Credit for only four tax years O A taxpayer enrolled as a part-time student is eligible for the lifetime learning credit. Mark for follow up Next » Summary Save / Return Later « Back

Explanation / Answer

Statement B is false because as per IRS eligible institution is a school offering higher education beyond high school. The statement tells that only colleges are eligible which is false.

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