You do not pick and choose whether you claim your daughter as a dependent.
If she is under 24 and a full time student and you provide more than half of her support for the tax year, you can claim her as a dependent. If you do not claim her, then you lose the Other dependent credit of $500 and you cannot claim her education credit from his form 1098-T (but you may be disqualified by income).
On her own tax return, she is asked the question whether she paid more than half of her own support. If the answer is No, then she has to say that she can claimed as a dependent by someone else. And she will not be eligible for the stimulus payments. As someone who can be claimed as a dependent but is not actually claimed, she can claim the non-refundable part of the American Opportunity credit, but not the refundable part.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
