KrisD15
Expert Alumni

Get your taxes done using TurboTax

If you enter the 1098-T first, the program might allocated 10,000 expenses towards a credit, 

Go back through the education interview until you get to the screen that show how much in expenses are being used for a credit, Change the number on the screen. 

 

Please go back to the "Education" section. (Federal, Deductions & Credits, Scroll down to Education).

Get to the "Education Information" section (the last option on the "Here's Your Education Summary" screen).

Re-answer the interview questions until you get to the last screen. This screen should show how much of the education expenses are being allocated to a credit. 

If you are eligible for the American Opportunity Tax Credit (usually the more valuable credit), the credit maxes out at 4,000 expenses, so you wouldn't want to allocate more than that. 

If you are taking the Lifetime Learner's Credit, the credit maxes out with 10,000 expenses. 

If you want all the expenses to be applied to the scholarships/grants/1099-Q distribution, change the amount to 0.

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