I think there may be a bug in the MN form M1SLC "Student Loan Credit". I answered all the questions and it just takes me back to the "Minnesota Credits" page with no explanation. I downloaded and filled out the manual form from the state website and determined I should be getting a $500 credit.
Thanks for sending us your sanitized tax return.
After reviewing your Minnesota return, it appears that your income is too high to qualify for the Minnesota Student Loan Credit.
After entering the amounts you each paid in Student Loan Interest, you should have received a screen that said 'you don't qualify for the credit.'
Otherwise, your Minnesota return is correct.
Here's the worksheet used in calculating the Minnesota Student Loan Credit.
I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:”
TurboTax Online:
TurboTax Desktop/Download Versions:
*(If using a MAC, go to the menu at the top of the screen, select Help, then, Send Tax File to Agent”)
I followed the instructions to generate the protected copy. The token number is: 1266241
Thanks!
Dan
Thanks for sending us your sanitized tax return.
After reviewing your Minnesota return, it appears that your income is too high to qualify for the Minnesota Student Loan Credit.
After entering the amounts you each paid in Student Loan Interest, you should have received a screen that said 'you don't qualify for the credit.'
Otherwise, your Minnesota return is correct.
Here's the worksheet used in calculating the Minnesota Student Loan Credit.