Hal_Al
Thank you so much for your reply.
Okay, so we need to file our tax or at least confirm our taxable income before she files her return. Then, we’ll delete/re-enter the 1098. I assume claiming AOC is more beneficial although she has to pay extra income tax if the tax amount is not too much.
If it’s okay, I have an additional question for other child.
“For grad students and post grad fellows, scholarship, stipend and fellowship income is earned income ("compensation") for IRA contributions.” -> For post gad fellows, the scholarship income is always earned income? Or would it be still hybrid? For example, if the total stipend exceeds the standard deduction, would it be still considered as earned income so they could contribute to roth IRA?
