I'm filling out my 2007 taxes, which actually means putting the info into
TaxCut. I have one college freshman for the 2007-2008 school year. The
software keeps trying to push me to take the Lifetime Learning Credit
instead of the Hope Scholarship. I had in mind to take the Hope the first
two years, then the LLC the third and fourth year. When I was researching
this, I took a ton of notes, but of course now I can't find the file
containing them (although I'll keep looking).
Since expenses were high enough so that the tax software is pushing the
LLC,
is there a reason I shouldn't take it for 2007? Maybe my logic was faulty,
and the expenses were such that the LLC gives a better credit than the
Hope.
It's just that it wasn't what I expected, and now I can't recreate the
ideas
that were leading that way.
Thanks for your thoughts.
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