Lucho Posted March 13, 2011 Report Share Posted March 13, 2011 Student 21 years old supporting himself (living in parents house but paying his fair rent and all other expenses) has $1,200.00 tuition and school materials expenses. Reading form 8863 line 13 instructions tell me that this student can not claim the American Opportunity Credit because he is under 24; and not filing a joint return and also he is blessed to have his parents alive. Am I correct in my interpretation when reading these instructions? I forgot to mention that student is single. Thank you again Lucho Quote Link to comment Share on other sites More sharing options...
Don in Upstate NY Posted March 13, 2011 Report Share Posted March 13, 2011 Student 21 years old supporting himself (living in parents house but paying his fair rent and all other expenses) has $1,200.00 tuition and school materials expenses. Reading form 8863 line 13 instructions tell me that this student can not claim the American Opportunity Credit because he is under 24; and not filing a joint return and also he is blessed to have his parents alive. Am I correct in my interpretation when reading these instructions? I forgot to mention that student is single. Since he is supporting himself, I assume that he is not a dependent of his parents and is filing claiming himself. As long as he meets the other conditions (undergrad, no drug felonies, etc.) he can claim the AOC. Line 13 questions whether he can claim the refundable portion. Without looking at the instructions, I believe the criterion is whether he has earned income to justify his support assertion. Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 13, 2011 Report Share Posted March 13, 2011 See other posting Quote Link to comment Share on other sites More sharing options...
Lucho Posted March 13, 2011 Author Report Share Posted March 13, 2011 See other posting Thaank you. Have a blessed Sunday Lucho Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.