hmosbergea
Level 3
04-10-2021
07:46 AM
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Can parents claim AOTC when paid with Coverdell funds as long as tuition amount taxed on child's return?
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TaxGuyBill
Level 15
04-10-2021
10:00 AM
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Yes, you can apply the Coverdell withdrawals to non-tuition (potentially making part of it taxable, but be sure to apply Coverdell to housing expenses), thereby allowing some tuition to be used for the American Opportunity Credit.
