I am a parent and have paid for all of my 25 yo son's 2019 college education expenses . (Despite paying for all of his living and fulltime education expenses, he is no longer a dependent. I have received a $500 Other Dependent credit for him...<sigh>). I claimed all of his education expenses to offset the 529 beneficiary (the 25 yo son) distribution that was paid to me, the account owner. My 25 yo son is filing his tax return, claiming his own exemption. According to TT, "If you claim your own exemption, you can use the amounts paid by your parents to determine an education credit on your own tax return." So my question is....I need to claim the education expenses to offset the 529 distribution, but can my 25 yo son ALSO use the SAME education expenses to claim the education credit (AOTC) on his tax return? Note, I cannot receive an education credit on my return because my income is too high. TIA for clarifying.
