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Which of the following statements about the maximum Nonbusiness Energy Property Credit that can be claimed is CORRECT? A lifetime limit of $2, 500 per

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Which of the following statements about the maximum Nonbusiness Energy Property Credit that can be claimed is CORRECT? A lifetime limit of $2, 500 per taxpayer. A lifetime limit of $2,000 on all energy-efficient property. If the total of nonbusiness energy property credits taken in prior years is more than $2,000, the credit may not be claimed in 2015. A lifetime limit of $1, 500 per taxpayer. If the total of nonbusiness energy property credits taken in prior years is more than $1, 500, the credit may not be claimed in 2015. A lifetime limit of $500. If the total of nonbusiness energy property credits taken in prior years is more than $500, the credit may not be claimed in 2015. Which statement about education credits is FALSE? A student may qualify for the lifetime learning credit if they have a drug conviction. Only four-year colleges are eligible institutions for the American Opportunity Credit (AOC). A taxpayer can claim the American Opportunity Credit (AOC) tor only tour tax years. A taxpayer enrolled as a part-time student is eligible for the lifetime learning credit. What is the maximum amount of lifetime learning credit that can be claimed on a tax return? $10,000 per eligible student claimed on the return. $10,000 in total for the return. $2,000 per eligible student claimed on the return. $2,000 in total for the return. For how many years of education is the American Opportunity Credit (AOC) available? 1

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