turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I'm not sure I qualify for the American Opportunity Tax Credit. I used a 529 account to pay for my tuition, but it says I'll get a $1,000 credit.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD
Intuit Alumni

I'm not sure I qualify for the American Opportunity Tax Credit. I used a 529 account to pay for my tuition, but it says I'll get a $1,000 credit.

If you entered the 1099-Q first, and then the 1098-T, the program may tax the distribution in order to claim the credit if the credit is worth more that the tax. 

You can check by going back through the "Education Information" interview located on the "Here's Your Education Summary" screen. 

(Click Federal, Deductions & Credits, scroll down to "Education" click Edit next the student's name, finish that interview)

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question