Q. Does this seem to make sense? You had expected the LLC instead of AOC.
A. Yes, if you enter a smaller number, TT will give you the AOC instead. You can use that if you're willing to use one of your 4 allowable AOCs on so little. Or you can force TT to change it
Type letme (no space between let & me) in the search box. Then press enter. Then click on the link "jump to letme''.
TT will give you the option to select another tuition credit.
Or
Type letme (no space between let & me) in the search box. When the dropdown list appears, click on letme rather than "jump to letme'. On the next drop down, click on the "jump to letme” link.
Q. it seems that putting in $483 (instead of the $3000 that you suggested) to reduce Tax Due on Income to $0 minimizes the Excess Distribution.
A. That doesn't matter (only in this special case) because the tax is going to be 0, no matter what you enter.
