My daughter received a 1098-T, with Box 1 of $16000 (tuition, room & board), and Box 5 of $7500, but due to our MAGI, we'd not be able to claim any of the AOTC on our joint return. However, my daughter is having to file her own return due to other income she made this year. Am I correct that she can claim up to $4000 on her return? If so and I claim the AOTC on her return, how do I then adjust the numbers on the 1098-T listed on my return? We are claiming her as a dependent on our return.
