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Question 1: When Will's daughter, Meredith, started college, she paid the expenses herself from a student loan and money she had earned during high school. Meredith still lives at home, and Will claims her as a dependent on his tax return. Who is eligible to claim the American Opportunity Credit or the Lifetime Learning credit?
Option a) Meredith can file her own tax return, with Will claiming her as a dependent,and claim the American Opportunity Credit or Lifetime Learning Credit.
Option b) Will can claim the expenses Meredith paid since he claims her as a dependent on his tax return.
Option c) Only Meredith can claim the expenses that she paid for education.
Option d) Since Will claims Meredith and Meredith does not file taxes, no one can claim the education expenses.
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