@Hal_Al
Let's see if I understand this...
Current Plan
I report on my joint return
Box 5: $17,000
Box 1: $13,000
Other Qualified Ed. Exp.: $500
Net Taxable Income: $3,500
No AOC/AOTC Available
Option
I report on my joint return
Box 5: $0
Box 1: $3,500
Other Qualified Ed. Exp.: $500
Tax Credit: $4,000
AOC/AOTC available
Daughter reports on her joint return
Box 5: $17,000
Box 1: $9,500
Other Qualified Ed. Exp.: $0
Taxable income: $7,500
No AOC/AOTC available
