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Student no longer qualifies as dependent
My son is a full-time graduate student who turned 24 in September 2020, and since he earned over $4,300, I believe he no longer qualifies as my dependent. He meets all other criteria for dependent (living at home, receives over 50% support from me, etc.)
Some of his education expenses are paid from his 529 account, and some are paid by me. On whose return do I include the 1098T? How does this impact his tax return?
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March 13, 2021
8:23 PM