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Madison, 18, is in her first year of college. She lives with her parents and attends a local college. Madisons parents continue to claim her
Madison, 18, is in her first year of college. She lives with her parents and attends a local college. Madisons parents continue to claim her as a dependent since she is a full-time student and under age 24.
Madison paid the following amount for qualified tuition in 2019:
- $2,100 in March for the summer semester (2019)
Her parents paid the following amounts for qualified tuition in 2019:
- $3,500 in June for the fall semester (2019)
- $3,300 in December for the spring semester (2020)
What amount of qualified tuition will Madison be allowed to use in calculating her 2019 American Opportunity Credit on her tax return?
Select one:
a. $8,900
b. $ 0
c. $2,100
d. $5,600
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