Hi,
Dependent (Daughter) filed Federal return (accepted; AGI=$6,438) without 1098-T information.
Box1=$10,141
Box5=$14,254
We (parents) entered 1098-T information but says dependent "will need to file a tax return to include $4,113 amount as taxable income". Tried to see if we qualify to report "Child's Under (Under Age 24)" but we didn't qualify for that either. It also says, "If you decide not to report your child's income on your return, or you don't qualify to use Form 8814, the child must file a return, and may have to file Form 8615." Where is Form 8615?
How can we (parents) get the AOTC? Do we need to pay some amount of "qualifying education expense" before we get any amount from AOTC? What if we didn't keep records of the expenses? I read elsewhere that if dependent report all of the 1098-T amount, parents can just enter $3,000. Does that $3,000 need to be supported? Or dependent to record part of the $4,113 amount and the parent another?
We're trying to amend daughter's federal but don't know what's the best scenario.
Please help! Thank you!
