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geonadel
New Member

2020 NYS tax software has an error

The 2020 NYS tax software does not calculate the tuition credit properly. 

If the scholarship $  in Box 5 on form 1098 T,  is higher than Box 1 amounts, the program still calculates a credit on the tax return. 

This is not correct. 

My 2020 program did this and it resulted in an audit letter from NYS, a $ adjustment and a penalty.

This error may also exist on 2021 and 2022 NYS tax software.

Please advise.

George, CPA

[email address removed]

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3 Replies

2020 NYS tax software has an error

You may have to contact Support on Tuesdsy for this issue.

 

How do I contact TurboTax? (intuit.com)

geonadel
New Member

2020 NYS tax software has an error

I still have not received an answer to this problem.

 

George

2020 NYS tax software has an error

@geonadel 

 

Are you using a professional tax program as a CPA ?   If so contact that program's help desk.   

 

And depending on how you entered the info in a professional program you could get the credit if you make more of the tuition taxable ... review that section again. 

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