Charles and Diana have a Son, William, who is a full-time student at Eton Colleg
ID: 2543655 • Letter: C
Question
Charles and Diana have a Son, William, who is a full-time student at Eton College.
Charles and Diana are no longer married.
The terms of the divorce allow Charles to claim the exemption for William.
William lived with his mother when he was not at school. He was at school 9 months of the year.
William paid from his own personal funds, tuition of $47,000 USD (£28,851 €33,300)
Charles has AGI of $250,000
Diana has AGI of $85,000
William has AGI of $50,000
Charles and Diana provided more than 1/2 of William's support.
All are U.S. Citizens.
What is the amount of the education credit available to the appropriate person?
Explanation / Answer
As per publication 929,
the education credit of a minor child is to the custodian parent
In this case, william lived with Diana when he was not at scheel.
Hence, the AGI of William of $ 50,000 will be included in tax return of Diana