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Education
Q. If the company has not included 7,500 in the Box 1 of W2 but only $2,250 , in the TurboTax software where it asks for "Employer provided Assistance" should I enter $2,250 or just $0.?
A. Neither. You enter $5250 because that's the tax free portion. Because $5250 of tuition was paid by tax free aid, you may not claim that $5250 (included in box 1 of the 1098-T) for the tuition credit. This entry is how TT reduces the amount of tuition used for the credit calculation.
‎February 7, 2023
11:17 AM