Wednesday, April 29, 2009

My daughter got married mid year 07, and became an independent. But I paid for Sp 07 tuition. How do I claim?

My daughter got married mid year 07, and became an independent. But I paid for her Sp 07 tuition. Turbo tax will not allow me to claim it without listing her as a dependent for the year. How do I claim it with out listing her as my dependent which will set off IRS trip wires when she files herself as an independent? Or should I just let it go?

My daughter got married mid year 07, and became an independent. But I paid for Sp 07 tuition. How do I claim?
You can not claim it, only the student can.
Reply:Just let it go, and wish her well! Thanks for paying! Pat yourself on the back for some good parenting!
Reply:You can't claim her education expenses unless she is your dependent. Just let it go.....
Reply:Sorry, you can't, and it stinks. However, She can claim it. It will be treated as a gift from you to her in this case. A generous wedding gift to them!
Reply:I always use H%26amp;R block online (which I HIGHLY recommend) and on there it has a way to claim a person as a dependent for only part of the year. Since your daughter technically WAS a dependent for part of the year, then you could claim her that way.





However, you also have to realize that if you do that, it will mean that she will probably not qualify for the Earned Income Credit (I'm not sure if she does now or not) because she would be a dependent on your tax return for at least part of the year.





How much was Spring 07 tuition really? If we're only talking about %26lt;$2,000 then is the deduction really going to be worth it for you? Of course, this is totally dependent on your actual income, but you might want to check. Maybe you could use H%26amp;R block online and run your taxes both ways (or Turbo Tax if it lets you). Depending on how much tuition was, it may or may not make that large an impact in your end result. After all, if we end up talking about an end $$ difference of less than $100, is it REALLY worth possibly ticking off the IRS? The only other solution would likely be to get a tax professional involved, which will definitely cost you over that.





Good luck!


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