Our 19yr old Daughter had to withdraw from her 1st yr of college after 2 months due to medical reasons in fall of 22 semester. She turned 19 in 2022 earned approximately $8500 in part time employment. For those reasons, even though she lived at home, except for the brief time away at college, we can't claim her as our dependent because she made so much and was a student for only 2 months during 2022.
I'm working on her taxes. she received a 1099T for $1200 paid to the school which I believe is the Fed Direct Unsub Student loan that was taken out. We also spent about a total of $1000 on supplies(notebooks, books from amazon and laptop). Is she eligible for any type of education credits or deductions on Federal and/or NY State taxes?
She still owes the school a ton of money because the date she withdrew was 2 weeks past the Colleges deadline for any type of refund.(I'm still going to try a pursue that matter somehow because the school is, in part, responsible for her medical reason to withdraw).
I'm just trying to figure out a way to get her out of some of this massive debt for a lousy 2 months of college.
Any advice would be greatly appreciated.
