Gail in Virginia Posted April 12, 2012 Report Share Posted April 12, 2012 My mind is just fried. I can't find anything specific in the form 5329 instructions or the Master Tax Guide that says you can't use the same tuition for both the American Opportunity Credit and the exception to the penalty for withdrawals from an IRA before age 59 1/2. It seems like double dipping to me, but I would like to be sure before I rule it out. Any thoughts? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 12, 2012 Report Share Posted April 12, 2012 It's not double dipping. One is just an exception to a penalty, the other is a tax credit. It's totally OK. 1 Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted April 12, 2012 Author Report Share Posted April 12, 2012 Thanks, KC. And I will continue to pray for your husband. I am sorry to hear that he had another seizure, but I hope that was the last and from now on his improvement will continue in only one direction! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.