College Dependent

Forum|Forum|4 years ago
April 14, 2022
2 replies
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My college student has unearned income over $4k and no earned income. He received his 1098T. Parent wages is $200k. Since I am capped at $10K, can he claim himself as a dependent and maybe able to qualify for the American Opportunity Act or do I have to? I will not be claiming him nor his 1098T. Is this allowed?

Bsch4477

Employee

He files his own return saying that while someone else can claim him, no one will claim him. He can then claim the non refundable portion of the AOC but not the refundable portion. You don’t claim him but be aware that because of his unearned income he will have be subject to the Kiddie tax so some of that income will be taxed at your tax rate. TurboTax will calculate all that for you.

hose3Author

What happen if I check None of the above instead of someone else can claim him on their tax return and no one will claim him. Is this allowed?

Bsch4477

Employee

On his return check someone else can claim him and no one else will claim him because that is your situation. Answer all questions truthfully. On your return do not mention him at all.