Sorry---yes, that is how it works. Your son is too old to be claimed as a qualifying child dependent and made too much to be claimed as a qualified relative. The Lifetime Learning Credit is not refundable, so if he has no tax liability, the credit does not do anything for him. The LLC can only reduce your tax owed, and he does not owe any tax.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
