Our 17yo son has always been a dependent on our taxes. Last year, he started taking college AP classes while in high school that he paid for himself. As parents, our AGI is above phase out limits and as a result we cannot write any of the tuition off. As parents, we only get $500 child dependent credit for 2019.
Our son also started doing his own taxes last year as a result of inherited IRA and K-1 loss. He receives a RMD (1099-R) each year. He will owe taxes on his return if the parents claim him as a dependent. However, he will get a large return if he claims himself and the parents drop him as a dependent.
The question is, must we claim our son as a dependent even if we don't want to?
