I thinking I’m tracking most, but I’m curious of the following:
I’m divorced. Despite paying child support and 50% of every extra expense tossed at me by my child’s mother, she has always been the one to claim her as a dependent because she lives with her full time and thus them’s the rules. I get it.
That being said, my wife (stepmother) and I have been the ones putting significant money into her college fund. (We put $1200/mo in a 529 we opened for her, while her Mother puts $50/month in some other plan) It’s very possible we will also be transferring full Post 9/11 G.I. Bill benefits to her in two years as my wife and I are done with our education but still have that benefit available (stepmother is active duty). If my daughter moves away from home to attend the college of her choice, will we be able to claim any college expenses? What if both sets of parents pay out of pocket expenses and she doesn’t live with either of us?
