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if I choose to include part of tax free grant in student income and claim AOTC, should I reduce my 529 AQEE with this amount?
my student has tuition and fee + books=9155,
total tax free grants scholarship=7948,
room and board +laptop =8433
student loan=2227
9155-7948=1207 can be used for AOTC,
AQEE for 529 =8433, so I can withraw 8433 tax free from my 529.
if I include $2793 grant scholarship in student gross income, then, I can get $4k expenses to claim AOTC,
Is my 529 AQEE still 8433 or will be reduced to 8433-2793=5640?
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‎December 25, 2024
4:09 PM