Hal_Al
Level 15

Get your taxes done using TurboTax

Be careful with this.

There's $1800 stimulus (recovery rebate credit) money on the table for her.  You will  lose the $500 Other dependent credit (she's too old for the Child Tax credit) plus (possibly) the $2500 Tuition Credit.  

 

She is not (most likely) eligible for the $2500.  It sounds like she does not have enough income (and tax liability) for the $1500 non-refundable portion.  Even though she supports herself, she does not do so with earned income, so she is not eligible for the $1000 refundable portion.

 

As to self support, savings (in her name, including UTMA)) are self support. 529 plans are not.  Scholarships are not. Student loans are unless the parent co-signed.  

The support value of the home, provided by the parent, is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants.  Even if she is away, at school, she is considered to still be living at home.  School is only a temporary absence. 

The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf