Which of the Following Is Not a True Statement About

Which of the following is not a true statement about the American opportunity credit (AOC) and lifetime learning credits (assume the 2016 rules apply for the qualified education expense deduction) ?

A) A taxpayer may not report both an AOC and a lifetime learning credit on the same tax return.
B) Certain educational expenses qualify for both credits but taxpayers must claim one credit or the other for the expenditures (the taxpayer cannot claim both credits for the same expenditures) .
C) Taxpayers may choose to either (1) deduct qualifying education expenses of an individual as for AGI deductions or (2) claim educational credits for the individual's expenses (but not both)
D) The AGI phase-out threshold for phasing out the AOC is higher than the AGI phase-out threshold for the lifetime learning credit.