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A little more discussion on the mechanics of getting my son to take advantage of the HOPE credit....

<<nobody gets the exemption disclaiming the student isn't that big of a deal.>>

My situation exactly.

<<the only issue is who made the tuition payments>>

My son made the payments. He did so by selling stock I gave him under the Gift Act, but that shouldn't be a problem, should it?

<<it would appear that you could "disclaim" your child as a dependent, but he would still not receive his personal exemption, since he really COULD be a dependent. >>

This is where it really gets interesting. If I don't claim my son so he can claim the HOPE credit, then he's not allowed to claim himself either, so no one gets the exemption. I'm OK with that (after all, he gets the HOPE credit), but Turbo Tax isn't. The program insists on giving him both the exemption and the credit, and won't allow just the credit.

I can override Turbo Tax, but am nervous about it without some confirmation. The SmartMoney article that suggested this tact alludes to a "recent tax ruling" that makes this "surprisingly easy." Of course the magazine hasn't yet responded to my query. Do you know where on the web (or in a library, for that matter) I can look up tax rulings?

Thank you very much.

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