topic 1) Use Form 4852 or W2? 2) Severance was paid on the same year (2019) as receiving SS. 3) review all the deductions ie. College tuition. Better not claim dependents? in Education

1) Use Form 4852 or W2? 2) Severance was paid on the same year (2019) as receiving SS. 3) review all the deductions ie. College tuition. Better not claim dependents?

ashegh99 — Wed, 23 Sep 2020 06:10:53 GMT

May I talk to an expert live about my questions?
thank you

Re: 1) Use Form 4852 or W2? 2) Severance was paid on the same year (2019) as receiving SS. 3) review all the deductions ie. College tuition. Better not claim dependents?

DoninGA — Wed, 23 Sep 2020 11:46:27 GMT

See this TurboTax support FAQ for contacting a Tax Expert when using the Live editions - https://ttlc.intuit.com/community/expert-review/help/how-do-i-connect-with-a-tax-expert-in-turbotax-live/01/27282

Re: 1) Use Form 4852 or W2? 2) Severance was paid on the same year (2019) as receiving SS. 3) review all the deductions ie. College tuition. Better not claim dependents?

Hal_Al — Wed, 23 Sep 2020 12:13:25 GMT

This is a user to user forum. You can very probably get help from this forum by asking a specific question.

Form 4852 is only used if you didn't get a W-2 (and should have). It's not optional.

Likewise claiming dependents is somewhat not optional. You may opt not to claim a dependent, but if they qualify as a dependent, they cannot claim themselves.

If your income is too high to claim a tuition credit, there is a tricky option to allow the student to claim it, but not the refundable portion of the credit. He still cannot claim himself.