There is no log of questions asked and how they were answered. I believe the only way to amend now is to download the desktop version of TurboTax and complete the amend in that product.
She would need to have meet all requirements and also have enough tax liability to use the credit.
- For tax year 2023, the amount of your LLC is gradually reduced (phased out) if your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you file a joint return).
- You can’t claim the credit if your MAGI is $90,000 or more ($180,000 or more if you file a joint return).
The amount of the credit is 20 percent of the first $10,000 of qualified education expenses or a maximum of $2,000 per return. The LLC is not refundable. So, you can use the credit to pay any tax you owe but you won’t receive any of the credit back as a refund.
My experience with TurboTax has been that if the conditions are correct for the credit, TurboTax tells you that and asks if you want to use it. But that is assuming that the questions were all answered correctly and that the income and expenses are within the allowable limits.
