• Julia is paying off her student loan from 2017, when she completed her undergraduate degree. Julia is working towards her Master of Education degree to start a new career as an Associate Professor. She took a few college courses this year at an accredited college.
• Julia took an early distribution of $3,000 from her IRA in April. She used $2,400 of the IRA distribution to pay her educational expenses for the current year.
• If Julia has a refund, she would like it deposited into her checking account.
The amount of Julia's lifetime learning credit is $480.
a. True
b. False