I have 3 undergrad college students, I claim all as dependents. Each files their own returns as well for limited summer job income. 529s for all three. Expenses exceed the 529 distributions for each. However, if I put all Q's and T's on my return, I do not qualify for any credits of any kind so nobody is getting any chance at the Amer. Opp or Lifetime Learning credits. Is there a better way to do this so the students can benefit?
Some entries I read seemed to say I should ignore the 1099Qs and put the 1098Ts on my student's returns. I'm very confused. What do you recommend? Thank you for your help!
