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It carries over to next year and is deducted.
If you use TurboTax, that will happen automatically.
Note that both the $4000 this year and $2000 next year are deductions from income and not tax credits.
It carries over to next year and is deducted.
If you use TurboTax, that will happen automatically.
Note that both the $4000 this year and $2000 next year are deductions from income and not tax credits.
Short to the point answer...Appreciated!
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