2007-02-21 00:44:29 · 2 answers · asked by joyce r 1 in Business & Finance ➔ Taxes ➔ United States
The only form you could get from an online college would be a statement of the tuition you paid and the grants/scholarships you received to counter that cost. You take the number from box 1 and subtract any grants or scholarships you received and then put that information in either the "Tuitions and Fees Deduction" spot or the "Education Credit - Lifetime Credit" or "Education Credit - Hope Credit", depending on your situation. The whole reason the form was sent to you was to give you a break on your taxes. Most people choose to use the Lifetime Learning credit because it will generally give you a better result at the end of the return. Hope that helps!
2007-02-21 01:31:04 · answer #1 · answered by Okiedokie97 3 · 0⤊ 0⤋
What form is it?
2007-02-21 08:49:00 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋