I received a scholarship & grant. I also applied for a loan (some $$ was left over) turbotax is telling me i do not qualify for an education credit. is that correct?
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I received a scholarship & grant. I also applied for a loan (some $$ was left over) turbotax is telling me i do not qualify for an education credit. is that correct?
I received a scholarship & grant. I also applied for a loan (some $$ was left over) turbotax is telling me i do not qualify for an education credit. is that correct?
Credits are based the amount of expenses that are more than tax-free assistance used in the tax year.
The independent student or the person claiming the dependent student applies for the credit.