Ah. I get it now.Line 20 on 1040 is $1500. (non refundable) + line 32 $1000 (refundable).I thought she was only getting the latter.Thanks for your patience.
I don't understand what is considered her tax liability. I am reading if the AOTC is greater than the the taxpayer's tax liability, then it is 40% refundable. I...
Sorry, another twist on the AOTC that has lost me. TT said when maximizing the AOTC that it was a $2500 credit but I noticed in reality she didn't get that much...
Wow. Thanks for your insightful comments. I never knew that the forms may be informational only.It my daughter's case I think the full AOTC credit will actually...
