Is AOTC allowed when paid with Coverdell funds?
Can parents claim AOTC when paid with Coverdell funds as long as tuition amount taxed on child's return?
Can parents claim AOTC when paid with Coverdell funds as long as tuition amount taxed on child's return?
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.
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