Has anyone accurately answered this or found a solution?
1099 for the parentalchoice tax credit cannot be entered in TurboTax because it should be listed under credit and tax year 2024 is not an option.
It should not be listed under tax grant or any of the other 1099G options because those are taxed. it would cause a reduction in refund/a higher tax burden.
It would make more sense if the tax year read as 2022, since 2022 was the tax year utilized for qualification review of whether or not you qualified for the tax credit. It should be recorded on the 2024 taxes, but it seems that the tax year in Box too should have said 2022. If you receive a state refund for overpaid taxes, you would notice that in tax year it shows 2023 but at the top it shows 2024. I’ve yet to find a solid answer, even after paying for the upgraded services. I would love to know if someone has something that is accurate and not just a work around solution.
