CH614
Returning Member

Education

Hi @MayaD  and @DawnC ! 

 

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!