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Investors & landlords
Whether or not your parents get a deduction or credit for your college expenses depends on their tax situation. As to whether or not they should claim you, the real question is "Do you qualify as their dependent?". Even if they do not claim you on their tax return, if you qualify as their dependent then you must check the box on your tax return (if you file one) and indicate that "Someone can claim you as a dependent". For information on who qualifies as a dependent, see:
Who Can I Claim As a Dependent?
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March 31, 2020
4:18 PM