Olga (20) is a full-time student eligible to be claimed as a dependent on her mother's...
Olga (20) is a full-time student eligible to be claimed as a dependent on her mother's return. This year, Olga incurred $2,000 in education expenses for her tuition. If Olga's mother chooses not to claim Olga's exemption, which of the following is true regarding Olga's return?
Olga may claim an education credit or tuition and fees deduction, and may also claim her own dependency exemption.
Olga may claim an education credit or tuition and fees deduction , but may not claim her own dependency exemption.
Olga may claim an education credit, but may not claim the tuition and fees deduction or her own dependency exemption.
Olga may not claim an education credit, tuition and fees deduction, or her own exemption.
Homework Answers
Answer is option B
b. Olga may claim an education credit or tuition and fees deduction, but may not claim her own dependency exemption.
If Olga’s mother would have claimed him as a dependent, she would have claimed an education credit or tuition and fees deduction and dependency exemption. However, his mother chooses not to claim him as dependent, and therefore he may claim an education credit or tuition and fees deduction , but may not claim her own dependency exemption.
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Olga (20) is a full-time student eligible to be claimed as a
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