1098 - T info has been included etc. I know that with MAGI we would quality for LLC but TurboTax only gives the AOTC by tweaking to say they are earning a degree etc. I would prefer to use the AOTC for the years they are in college, not high school. What exactly do I need to include in Turbo Tax to get the LLC credit - any help would be greatly appreciated.
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High school students taking college level courses at an eligible educational institution are eligible for the Lifetime Learning Credit (LLC). Follow these steps in TurboTax Online to generate the credit:
1) Go to the section Deductions & Credits>Expenses and Scholarships (Form 1098-T)
2) Add Student
3) For the question Was (student) working on an Associate, Bachelor's or Graduate degree? answer No
4) Was (student) enrolled in certificate or credential program? No
5) Was (student) taking college level courses? Select Yes if a high school student
These answers will generate the Lifetime Learning Credit instead of the American Opportunity Credit.
See this IRS article for more information:
Many thanks - I appreciate your input!
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