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Student & AOTC. parents dont qualify, student has scholarships over tuition. Can student take AOTC to reduce taxes?
Hello.
thankful to be in this situation; but looking to pay the least taxes on this.
Student's 1098: box 1 tuition: 5000; box 5 scholarships 14400
students income 4000
parents dont qualify for aotc
Best way to proceed?? Can student take AOTC? student does have 2K of Qee not listed on 1098
Can student take AOTC if claimed as dependent by parent?
can student be declared independent because of all the scholarships and then take AOTC?
any other thoughts on how to proceed would be fabulous and appreciated
‎January 28, 2024
4:48 PM