American Opportunity or Lifetime Learning Credits. A designated beneficiary may claim the American Opportunity Credit (formerly the Hope Credit) or Lifetime Learning Credit on his or her federal income tax return in the same taxable year that a tax-free distribution from a Xxxxxxxxx ESA is claimed, as long as the distribution(s) does not cover the same expenses claimed for the American Opportunity or Lifetime Learning Credit.
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Samples: Coverdell Esa Custodial Account Agreement, www.transamerica.com, davisfunds.com
American Opportunity or Lifetime Learning Credits. A designated beneficiary may claim the American Opportunity Credit (formerly the Hope Credit) or Lifetime Learning Credit on his or her federal income tax return in the same taxable year that a tax-free tax‐free distribution from a Xxxxxxxxx ESA is claimed, as long as the distribution(s) does not cover the same expenses claimed for the American Opportunity or Lifetime Learning Credit.
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