Received 1098-T from wife’s master’s degree school. Payments received around $8000. Scholarship around $2000. Our MAGI is less than $160,000. TurboTax says we are not eligible for a break because “Scholarships, grants, and other tax free assistance exceed the education expenses” [Not true obviously] or “There were no net qualified education expenses.” QUESTION: why isn’t the difference between amount paid and scholarship grant (roughly $6000) eligible for a break?
You don't qualify for the American Opportunity Credit or the Life Time Learning Credit and the Tuition and Fees deduction is not available for tax year 2018. See What is the Tuition and Fees Deduction?
Related Information:You don't qualify for the American Opportunity Credit or the Life Time Learning Credit and the Tuition and Fees deduction is not available for tax year 2018. See What is the Tuition and Fees Deduction?
Related Information: