I am using TT Desk Top. I have higher education expenses on my 1098-T and trying to use some of the expenses for I-Bond interest exclusion and some for Life Long Learning credit.
I enter I-Bond interest information followed by education expenses. This screen says that "Education expenses you enter here can't be reused to calculate an education deduction or credit. To maximize your refund, only enter expenses here which are not used to calculate an education deduction or credit.".
Now I can use some of my 1098-T expenses here.
But under "Deductions ands Credit"/"Expenses and Scholarships (1098-T)", TT asks for data in various 1098-T boxes. So, I don't think there is a way for me to split the expenses and only add some expenses here and remaining for I-bond interest exclusion. Since one should not be using the same expenses for bond interest exclusion and LLC (so called double dipping), how do I split the expenses between these 2? My expenses are more than enough to cover both.
Any ideas ?
Thanks.
