KrisD15
Expert Alumni

Get your taxes done using TurboTax

No, in your case you will need co-ordinate with the student and make sure the expenses you are using to apply to the distribution are not also used by the student. 

If used for Room and Board, keep the receipt for that payment with your tax file. 

If you use any tuition reported on her 1098-T, keep a copy of her 1098-T with your tax file. 

 

If there are more expenses than distributions and scholarship, the non-dependent student might use the 1098-T to apply towards a credit. In this case, the student will need to subtract the amount YOU need from Box 1 when the student enters the 1098-T into her TurboTax program. 

 

Any times YOU took the American Opportunity Tax Credit counts towards HER limit, so if you took it 4 times, no one, including the student, may take that credit for her again. 

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