I am a student and my parents were eligible to get an American Opportunity Credit but decided to have me claim it on my return. How do I do that?

Forum|Forum|1 year ago
June 19, 2024
2 replies
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The year in question is 2022 and I already filed my return so I need to file an amended return. I am able to get the 1099Q into the return but not the Form 8863 because that form was sent to my parents with their social security number on it. The input forms are normally looking for the parents information because the credit is normally taken by them. Thae AOC rules do allow for the student to take the credit.

TurboTax Online

Best answer by NCPERSON1

also, AOC is largely based on the numbers displayed on form 1098-T. (that is the form that would generate form 8863.)

In fact, it is possible that if money was withdrawn from a 529 plan, which is what generates form 1099-Q, you may not be eligible for AOTC.

best to post what is on form 1099Q and 1098-T. from that a better answer can be provided.

Also, how only are you and are your earning less than 50% of your support costs. and how much did you earn in 2022?

DoninGA

Employee

If you can be claimed as a dependent but are not being claimed does not mean you are not a dependent. You must enter on your tax return that you can be claimed as a dependent which therefore negates your ability to claim the AOC on your tax return without any earned income.

Bsch4477

Employee

If otherwise qualified you the dependent student can receive AOC if not claimed by the parent but the student will not receive the refundable portion of the credit. As mentioned, the student still has to answer the they can be claimed as a dependent but indicate that they are not being claimed.

Hal_Al

Employee

You say " I am able to get the 1099Q into the return". The answers assume you meant 1098-T.

Form 1098-T, not 1099-Q, is what you enter to claim the education credit. The 1099-Q is for a distribution from a 529 or ESA plan and usually does not need to be entered, at all, unless you know some of it is taxable because the amount of the distribution exceeds qualified expenses (after adjusting for the turion credit or tax free scholarships).