topic I received $10,838 of income listed on my 1099-MISC. I am currently in law school and my tuition is $33225. Why does it show I get $0 for the lifetime learning credit? in Education

I received $10,838 of income listed on my 1099-MISC. I am currently in law school and my tuition is $33225. Why does it show I get $0 for the lifetime learning credit?

emilyfreeman95 — Thu, 09 Apr 2020 22:28:12 GMT

Last year I was in law school and received a $1,000 credit, but was not self employed. Does the self employment have anything to do with it?

Re: I received $10,838 of income listed on my 1099-MISC. I am currently in law school and my tuit...

MinhT1 — Thu, 09 Apr 2020 22:49:39 GMT

The Lifetime Learning credit is a non-refundable credit. If you only have income of $10,838, then it is less than the standard deduction of $12,200 and you have no income tax liability which could be reduced by the Lifetime learning credit.

You should a tax liability for self-employment tax that the LLC cannot offset.

Re: I received $10,838 of income listed on my 1099-MISC. I am currently in law school and my tuit...

NCperson — Fri, 10 Apr 2020 02:30:25 GMT

and the self-employment tax should be $1532 and as @MinhT1 noted, it can not be offset by the learning credit