You are stunned after receiving an acceptance letter from Stunford! Quality education though comes with...
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Accounting
You are stunned after receiving an acceptance letter from Stunford! Quality education though comes with the hefty sizable tuition. Luckily, your grandparents paid for your tuition this fall (Stanford is an eligible educational institution - duh!). You are currently claimed as a dependent by your parents, but you also file your own tax return since you worked part-time as a tax preparer this spring.
[1] Can you claim an education credit for the tuition paid by your grandparents?
[2] What difference would it make, if any, if you did not qualify as a dependent of your parents (or anyone else)?
I ask you to cite at least 1 source when answering any of the above questions below. Again, include the relevant citation, include that relevant "citation detail" section on your post, and explain how does that citation answering the question above
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