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Level 1
posted Mar 1, 2021 7:45:35 PM

Education 1098-T

Turbotax program said, not qualified for AOC or Lifetime, but still used 8863 Lifetime Credit, why didn't it use 8917?

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2 Replies
Expert Alumni
Mar 1, 2021 8:17:04 PM

Form 8917 Tuition and Fees Deduction will allow you to deduct all or a portion of your education expenses from your taxable income before your tax is calculated.

 

Form 8863 Education Credits will allow you to deduct all or a portion of your education expenses from your income tax, so it normally gives you a bigger deduction.

Level 15
Mar 2, 2021 5:05:55 AM

If you're not qualified for the AOC or LLC, you're usually not qualified for the TFD (8917) either. 

 

For rules, see instructions at

 

https://www.irs.gov/pub/irs-pdf/f8917.pdf