Hello,@Hal_Al I understand this an old post but I continue to go to it because of your response, so thank you. I was wondering if you can assist regarding my situation. Let's say I am following this tax loophole and want to maximize the AOC credit, so 4000 is added to the parents return and 4000 is subtracted to dependents (tuition). Now, about 8000 is taxable scholarships due to the tax loophole, and 2200 is W2 income. My question is, since I have to file form 8962, do i need to include my dependents MAGI? I want to say yes because filing my dependents return would be required since the 1098T needs to be reported, correct? Thank you.
