Education

Thank you for all of this information.

 

I have never heard of the LLC or AOC credits before after claiming 1099-Q and 1098-T forms for years (used their 529's for high school before college), and now I know why - we do not qualify based on our AGI. So those are not factored into what we need to do as parents. Child #1 could claim on his tax return starting in 2024 because he was a full-time student in 2023 and prior making him a dependent on our return. I've input Child #1's 1099-Q without listing any qualified expenses on our return to see what the tax owed would be for us if we filed just that form on our return. I'll see what happens to Child #1's return if I input the 1098-T to see what kind of credit(s) that may be available.

 

I'll post here once I have Child #1's return in case this is helpful to other filers.