Q. Where in the 2024 Turbo Tax are the tuition & fees paid in 2024 for the 1st term of 2025 entered?
A. It's usually included in box 1 of your 2024 1098-T. If not, In the 1098-T screen, click on the link "What if this is not what I paid the school" underneath box 1. You will then be able to enter the actual amounts paid.
Q. What is the difference in Turbo Tax, when entering "Education Expenses" between
-"Books and material not required to be purchases from the school,"
-Eligible for both the Lifetime Learning Credit (LLC) and the American Opportunity Credit (AOC)
-"Other Books and Course-Related Material"
-Eligible only for the AOC
Both are eligible expenses for a 529 distribution or tax free scholarship
