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My son is freshmen in college, received $10500 in scholarship, but paid only $7000 for fall tuition, remaining paid Spring 2021. His W2 is $900. I will be including my son as a dependent, Can I (Parent) claim AOC $2500 ? Thanks.
Wondering if remaining $3500 can be shown as income in his W2 or reported 2021 tax year as scholarship.
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March 30, 2021
7:22 PM