Q. So if I understand it correctly, I will claim an extra 4,000 as income so that my parent can claim AOC?
A. Yes
Q. But can I claim it myself?
A. Not if you are or CAN BE a dependent. You cannot get the refundable portion (the bulk in your case) if you are a FT student, under 24, with little or no earned income.
Q. Will I be given a penalty for not filing in 2020?
A. Yes. There is both a late filing and a late payment penalty. You just file your late return. The IRS will bill you for the penalties.
Q. And to amend my dad's return for 2019 and 2020 for AOC, can I do it here at TurboTax?
A. Yes.
How to amend https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed
Q. Can I claim 2021 AOC?
A. Not if you are or CAN BE a dependent. Not if you are a FT student, under 24, who's earned income was less than half his support. The TurboTax interview asks those questions
