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Education
@skil said "Unfortunately, I still have to override 2c in the QTP Computation section since TT is still reducing my qualified expenses by 10K even though I don't get this deduction elsewhere"
TurboTax assumes you want to apply $10,000 of expense for the Lifetime Learning Credit (LLC).
Go through the entire education interview until you reach a screen titled "Your Education Expenses Summary". Click edit next to the student's name. That should take you to a screen “Here’s your Education Summary”. Click edit next to “Education Information”. When you get to the screen titled “Amount Used to Calculate Education Deduction or Credit”, verify the amount you want to use or change it. You may reach that screen sooner.
February 3, 2022
5:52 PM