AnnieR Posted April 5, 2011 Report Posted April 5, 2011 I guess we all have odd situations come up in our practice, this one tops it for me. Client has son who is in college, and has been for much longer than 4 years and has not graduated. He did not work at all in 2010, as he hasn't in quite a few years. He received a 1098T with box 2 amount of $27,357. Mother paid it, as she has in the past years, the catch is, her "little boy" is 47 years old and has never had a "real" job. I realize he is a "qualifying relative", does she get the AOC credit or does he get the $1000 refundable part of the credit by filing? Thanks AnnieR Quote
Gail in Virginia Posted April 5, 2011 Report Posted April 5, 2011 If he could be claimed as a dependent on someone else's return, I am not sure he qualifies for the refundable credit. Quote
kcjenkins Posted April 5, 2011 Report Posted April 5, 2011 He qualifies for the lifetime credit. But no on the refundable credit for him, since he is her Dependant. Quote
AnnieR Posted April 5, 2011 Author Report Posted April 5, 2011 This sounds stupid & doesn't make any sense, but does the mother qualify for a credit since he is her dependent? AnnieR Quote
kcjenkins Posted April 5, 2011 Report Posted April 5, 2011 Yes, that is what I meant, sorry if it was not clear. She can claim the credit for him, since he is her dependent. Quote
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.