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Education
No, there is not a glitch. You are correct, however, that the $10,000 would apply to the Lifelong Learning Credit, not American Opportunity Tax Credit maximum of qualified education expenses.
I recommend deleting the 1099-Q and 1098-T. Then, re-add them as described below.
- To delete your existing education expense details, go to the education area of your return:
- From the left menu, select Federal
- Deductions & Credits
- Scroll down to Education and click Show more
- Delete each of the three input areas that you have anything entered: 1099-Q, 1098-T and 1098-E
- Verify these areas are deleted:
- From the left menu, select Tax Tools
- Tools
- Delete a Form
- Delete education related forms if they are still listed. These could include 1098-T Wks, Form 1099-Q, Form 1098-E, Education Tuition and Fees Summary
- Return to the Education section of your return and input your details again
- From the left menu, select Federal
- Deductions & Credits
- Scroll down to Education and click Show more
- Begin by entering your ESA and 529 qualified tuition programs (Form 1099-Q) and then enter your Form 1098-T details.
March 2, 2020
8:52 AM