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How do I correct Lifetime Learning Credit? When I enter dependent's 1098-T into MY tax return, TT exaggerates the LLC because it doesn't account for some ESA funds used.
- 1098-T entry asks for the TOTAL amount paid in tuition from all sources (parent, student, scholarship, etc.).
- Nowhere does it attempt to account for tax-free funds applied toward the tuition bill, which should reduce the LLC.
- Child's 1099-Q has that info, but it is explicitly not supposed to be entered in my tax return.
- So, how do I get TT to do the right thing?
- Nowhere does it attempt to account for tax-free funds applied toward the tuition bill, which should reduce the LLC.
- Child's 1099-Q has that info, but it is explicitly not supposed to be entered in my tax return.
- So, how do I get TT to do the right thing?
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‎February 11, 2023
1:51 PM