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Which one of the following statements concerning the American Opportunity Credit (modified Hope scholarship credit) is correct? A. The credit is available on a per taxpayer basis. B. Expenses incurred for room, board, and books qualify for the credit. C. The credit is available for the first four years of a postsecondary education program. D. For 2012, a taxpayer may claim the American Opportunity (modified Hope) credit in addition to the lifetime learning credit for one dependent. |