Prepaid Tuition/Taxable Scholarships/AOTC question

MidwestMomTo2
Thu, 31 Jan 2019 04:44:03 +0000

I’m also using TurboTax … when I enter my daughter’s tuition/fees, and then state the value of her scholarships (in another field), it correctly shows that only a small amount of her uncovered bills/mandatory books can be applied to the get the AOTC.

If you plan to finish filing with TurboTax, I’d be inclined to pay the extra fee to have a TurboTax adviser talk you through why it’s stating that you get the nearly full AOTC when you don’t have qualified expenses for him in excess of scholarship amount.

I’m limiting my comments to your taxes since you stated your child is a dependent. (Although he’ll have to file too, of course)