- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No, that isn't what I'm saying.
I included the quote from the IRS above.
Since you did not take an education credit on your 2019 tax year return, and the refund received in 2020 was for a distribution made in 2019 for 2019 expenses, disregard the refund.
IF you had to do anything with it, you would refigure 2019 tax and claim the difference as income on your 2020 return, but you don't need to do anything since you didn't take an education credit on your 2019 tax year return.
Don't enter anything about the refund into the TurboTax program.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 22, 2021
8:26 PM