ea_rva aka acctgtaxmatters
Level 5
03-20-2024
09:52 AM
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I have a similar scenario:
Parents income too high for education credits & CTC. They also have a 1099-Q (taxpayer recipient fbo of dependent), so I had to add 1098-T info to their return. Thus the 1098-T info is not being used towards credits but rather to offset 1099-Q distributions.
Dependent has W2 income > 1/2 his support.
Since the 1098-T info is on the parents for 1099-Q, can it also be added to the dependent's return to claim the education credits?