@crosscountry321 wrote:
I need to check in Turbo to see if the lifelong learning credit was given. How can I see this now that it has been completed?
Meanwhile, when calculating my own form 8863 w/schedule 3 and credit limit workshet, it appears I should receive the lifelong credit of $2000. I attend 2 unv., had $44,000 in actual wages. School 1 had $12,000 rec'd qualified tuition/expenses paid in student loans and then $4000 on scholarships (108-T). School 2, all tuition/fees paid w/scholarships and $14000 left over of scholarships.
After offsetting the taxable $14 of scholarships on Line 1 with books, line 1 of 1040 b/c $47,000...so total taxable income is $3,000).
Are you saying that your total scholarships are $3000 more than your total tuition and fees?
If so, you don't necessarily qualify for the Lifetime Learning Credit. You would not have any tuition to qualify for the credit, which would mean $0 credit. There is an option to intentionally make MORE of the scholarships taxable which would then allow the credit, but causing more scholarships to be taxable would also increase your income tax.
