Good day,
For the 2022 tax season, I was 19 years old, and my parent did not claim me as a dependant because there was no write-off for them. For the 2023 tax season, however, I will be starting college in the next week, and since they provide more than 50% of care. My question is that I own my own SMLLC; this year, I will most likely not make more than $10,000 max, and after write-offs and expenses, it will probably be no more than $3000 net income. I am having a difficult time seeing how much money I can make while still being claimed as a dependent and going to college. Will I be safe running my business and making money while still being able to be claimed, allowing them to deduct me from their taxes and receive the AOTC credit? Thank you
