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The lifetime learning credit is not working. I qualify and see that I qualify, but I am unable to use the "letme" override to apply the credit.

When I use the "letme" override, I see that I am eligible, I'm able to check the Lifetime Learning Credit button, and then the next screen says I am ineligible.
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5 Replies
Hal_Al
Level 15

The lifetime learning credit is not working. I qualify and see that I qualify, but I am unable to use the "letme" override to apply the credit.

The LLC is non refundable. It can only be used to offset an income tax liability.

The lifetime learning credit is not working. I qualify and see that I qualify, but I am unable to use the "letme" override to apply the credit.

Thanks! That makes sense, but it's still showing that I owe quite a lot in federal taxes. Does "offset an income tax liability" mean that the LLC would be deducted from what I owe? If so it looks like it is not working properly. 

Hal_Al
Level 15

The lifetime learning credit is not working. I qualify and see that I qualify, but I am unable to use the "letme" override to apply the credit.

Q.  Does "offset an income tax liability" mean that the LLC would be deducted from what I owe?

A. Yes.

 

 If you are eligible, you have answered  something wrong, in the interview. Go thru the interview again (you may want to delete and start over).   But, a lot of people are just not eligible. 

see this TT FAQ https://ttlc.intuit.com/questions/3383321-why-didn-t-i-get-a-credit-or-deduction-for-education-expen...

and this

 https://www.irs.gov/individuals/llc

The lifetime learning credit is not working. I qualify and see that I qualify, but I am unable to use the "letme" override to apply the credit.

Thanks! Since it's showing "Yes" under eligibility, it looks like I am eligible and the program must not be working correctly. I've inputted my 1098-T three times. 

Hal_Al
Level 15

The lifetime learning credit is not working. I qualify and see that I qualify, but I am unable to use the "letme" override to apply the credit.

I see you're using TT Self Employed.

 

The LLC cannot be used to offset self employment tax; only income tax. 

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