Thanks, Carl, for your answer. If I may clarify one point and check if of my understanding is correct: If the parents have taken 4K of expenses to get the maximum AOTC (assuming all other eligibility criteria for AOTC satisfied by them to be able to claim the credit), then the child/dependent on his/her return has to reduce the QHEE by 4K to ensure that the 4K of qualified expenses on the parents' return is not double counted by the student when calculating his potential excess distribution income. Have I got this right?
Is this part done automatically by TurboTax, or does the parent and student have to be extra careful and do it as a "manual" data entry?
Thanks very much, and best wishes for the New Year.
