Hello,
My 19 year old son was a full time student in 2024 with a paid co-op. He made more than $14000 in his semester at Co-op. I know that I can claim him as a dependent and he can file his own taxes and mark that he is a dependent of mine... The question I have revolves around student loans, scholarships and the like. He took out loans in his own name with us a cosigners. All tax documents for school are in his name. When he goes to file his taxes does he input all those documents under his return? I wanted to make sure because I didn't feel I could claim them in his name and was pretty positive we couldn't both use them. I'm just looking for clarity before finishing the process.
Thanks for your help.
