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Education
This is what is occurring:
1-The software says we owe $500 in taxes
2-The $2000 Lifetime learning credit is applied
3-The software is now saying we are getting a $1500 refund.
This is NOT correct since the LLC is non refundable. I have removed and re-added my educational deductions several times with the same result. While our tax liability is $0, we should not be receiving any refundable money for the credit.
Thank you for the help!
‎February 3, 2023
10:33 AM