Am I allowed to put my student loans as income? I am a 20-year-old dependent, being claimed by my mom. Since scholarships and tuition paid are nearly the same on my 1098-T, she is not getting the American Opportunity Tax Credit. If I were to put in $4000 of the student loans I took out as income, so then it is taxable, would she be able to claim that $4000 as college expenses for me?
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