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No, you cannot claim the Lifetime Learning Credit (LLC) for these expenses because the IRS requires you to have "qualified education expenses" paid out-of-pocket. If your tuition is paid in full by a tax-free scholarship or directly by your high school, your adjusted qualified expenses drop to zero.    According to IRS Publication 970, you must subtract any tax-free educational assistance, including scholarships and payments made by an employer or governmental agency, from your total tuition costs before calculating the credit.

In twenty years I have never seen Turbotax so bad. This is the last year that I will even try to use it. It is utterly broken. It will not to go entire sections to fill in this year's data, it just refreshes. I have re-installed, set Windows 11 firefall rules, and still it does not work. It also mangled the 1099-R processing. I suspect that support files are mangle. Obviously Intuit wants to get rid of Desktop Turbotax but this is not the time of year to shaft customers so Bezosly. I will demand my money back from Amazon, speaking of the devil who is free to take Intuit to where the entire management team belongs. Shame on all of you.

Turbo Tax generated a form 8995 out of thin air. I do not have any REIT income. I did have a Schedule 1-A and a Schedule B but nothing else. Line 1 on form 8995 is blank. How do I find the source of the values on 8995 or delete it?

This is so bloody greasy and I encourage people to contact the better business bureau to launch a formal complaint against Intuit. When doing my return this year I made a point of specfically choosing the Self Employed product without the Expert Assist, but then I got a popup option that said "Congratualtions, we have added the Expert Assist feature" and now I have no way to get rid of the crap that I didn't want or choose. This is bordering on criminal behavoir by Intuit, and I've now wasted an afternoon on the phone with none of the support reps able to resolve the problem.

No. If paid in full with scholarship, you are not out any money, so you do not get a credit.  But the scholarship is tax free, since it paid for qualifoed expenses.   For others (who do pay out of pocket) reading this: The ability of the parent of a high school student to claim the education credit is limited.  If these courses are provided by an eligible college, this cost qualifies for the Lifetime Learning Credit (LLC). The school must have policy of granting college credit for that course, already taken, if the student ever enrolls there. In other words, it is a requirement that the course be a college credit course, even if the student isn't currently a college student. It’s not that the student is post-secondary, it’s that the course is post secondary. Books are not a qualifying expense, unless included in the course fee. You must have paid tuition to the college and not the high school in order to claim the expenses on your return. High school students are not usually eligible for the more generous American Opportunity Credit, unless they are officially enrolled as a degree candidate.  

I believe you saw that question when entering a Form 1099-R. I suggest you delete the form and re-enter it as follows:   Follow these instructions:   1. Choose the Tax Tools option on your left menu bar while working on your return 2. Choose Tools 3. Choose the Delete a form option under Other Helpful links  4. Find the form 1099-R in the list and delete it  

If you have a 1099-B for reporting the sale of Employee Stock, if you know your correct Cost Basis, you can enter it in TurboTax as a regular Stock Sale.  Often, the 1099-B from the broker does not have the correct cost basis (or has $0) as they may not have that information.   Depending on what type of employee stock you held, when you exercised your shares you should have received a Form 3922.  The 'Exercise Price' is what you paid for your shares, and if you received an employee discount on the FMV of the share price, you were taxed on a W-2 for that year in that amount.  Your W-2 should have an amount in Box 14.  You can divided that amount by the total number of shares you exercised, and then add that amount to the 'Exercise Price' to get your correct Cost Basis.   When entering your 1099-B in TurboTax, choose 'Stock' and check the box 'cost basis is missing or incorrect'.  On the next screen, enter the correct Cost Basis.  Here's more info on Employee Stock Purchase Plans and RSU's and Taxes.   @user17753464031     

Yes, you will delete the blank one. I have encountered this as well, and after deleting the blank forms that were carried over from last year, I did not have any issues.    If you are using the TurboTax Desktop program, you can: Switch to Forms Mode by clicking on Forms at the top right of your TurboTax screen.  Then scroll down the list of forms to find the Forms 1099 (that are blank) and delete them.  To delete them you will click on the form and it will appear in the right panel of your turbotax screen.  At the bottom left of the form, click on Delete Form and  Then click on Yes to confirm the deletion. If you are using TurboTax Online, you can: In your left panel of your TurboTax screen click on "Tax Tools" And then Click on "Tools" Click on "Delete a Form" Scroll through your list of Forms Click the garbage can next to the form you are deleting Click here for How Do I View and Delete Forms in TurboTax Online?   Click here for "How to Delete Forms in TurboTax Desktop. Please return to Community if you have any additional information or questions and we would be happy to help.

In addition when I was searching on TerboTax for clarification one of the suggestions was to submit the return on paper (ie mail in and not efile) along with the sales documentation even if I do not have the clean vehicle sales report as all other criteria was met.  I wanted to check with the Terbotax community before I went that route  

In Maryland, taxpayers who make large out-of-state purchases of items that they intend to use in Maryland are required to report and pay the Use Tax directly to the State Comptroller. See this Maryland Business Tax Tip #3.   This is not done as part of your personal income tax return in Maryland (unlike many other state).

There could be a variety of things that may have prevented an early withdrawal penalty on your return.   1. The "Rule of 55" (For 401ks/403bs) If you left your job (laid off, fired, or retired) in or after the year you turned 55, you can take penalty-free distributions from that specific employer's plan.    Note: This does not apply to IRAs; if you roll that 401k into an IRA, you lose this exception until you hit 59½.   2. Separation of Service for Public Safety (Age 50) If you are a qualified public safety employee (like a police officer, firefighter, or certain federal law enforcement), the "Rule of 55" is lowered to age 50 or after 25 years of service, whichever comes first.   3. Roth IRA Contribution Withdrawals If you are pulling from a Roth IRA, you can always withdraw your original contributions (the money you personally put in) at any time, for any reason, without taxes or penalties. The penalty only kicks in if you start dipping into the earnings (the profit) before age 59½.   4. Other Common Exceptions Medical Expenses: If you have unreimbursed medical expenses that exceed 7.5% of your adjusted gross income. First-Time Home Purchase: Up to $10,000 (lifetime limit) from an IRA. Higher Education: Distributions used for tuition, fees, books, and room/board for yourself or a dependent (IRA only). Substantially Equal Periodic Payments (SEPP): If you’ve committed to taking a specific series of payments based on your life expectancy. If you are over the age of 59 1/2, there is no early withdrawal penalty.    

@user17753118352  Après quelques vérifications dans le logiciel, la ligne 121 dans le TP80 est présente et fonctionne.   Le montants présent à cette ligne trouve sa source à partir du T2125 - partie 3 et se reporte adéquatement à la ligne 121 du TP80, comme le démontre les captures d'écran suivantes:     Cependant, il est très important de lire la note 2 sur le formulaire.   Merci de choisir TurboImpôt.

Q. I have a full scholarship. I did not receive a 1098-T from the school. Do I need to report the scholarship? A. Yes, probably. Particularly, if it covered room & board, as most "full scholarships" do.   But it is unusual that you did not get a 1098-T, in that situation.  You should ask why. Many schools no longer mail out the 1098-T.  You obtain it from your school account, on line.   See this  post on the five main points on the  1098-T, particularly #5. https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114