JillS56
Expert Alumni

Education

Your dad cannot claim the interest for your tuition since he is not claiming you.  If he claimed you as a dependent then he would report the bond interest as income and then if you have a 1098-T then he could claim the credit for the AOTC or Lifetime Learning Credit, depending on whether you are in an undergrad or graduate program.  If undergrad program, how many years has the AOTC been claimed?   If 4 years have been claimed, then only the lifetime learning credit is available.

 

If you are not claimed by your parents, then you can claim the education credit on your return.   If the AOTC has been claimed for 4 years, then you can use the lifetime learning credit to claim the education credit.  Also, you can only claim the lifetime learning credit if you are in a graduate program.