Incorrect AOTC credit

[kenkanshaw]

Turbo tax shows I am eligible for American Opportunity Credit of $2,500 for graduate program (DMD degree). It is incorrect as AOTC is for under grad program only.

Graduate program qualifies for LTC credit of $2,000.

Disappointing that turbo tax can not identify simple tax credit elven though its an upload of 1098 T showing graduate program in check box.

What Is the American Opportunity Tax Credit? - TurboTax Tax Tips & Videos

[Vanessa A]

This is likely because you did not select the box that says you have already completed 4 years of school.

Go back to your 1098-T entry section and walk through the steps.  You will come to a question that says do any of these apply.  One of the questions is did you complete 4 years of college?  Say yes or put a check mark in that box.  This will take away the American Opportunity Tax Credit and give you the Lifetime Learning Credit if you qualify.

To get there select the following:

1. Federal
2. Deductions and Credits
3. Education
4. 1098-T