Hi,
I have twins enrolled as full-time freshmen this year . . . I’m trying to fill out the CSS Profile and am unsure where to account for the tax credit with two full-time students? Does anyone know where I account for this on the Parents Recent Income and Benefits section for 2016 (PR) and Anticipated Income and Benefits for 2017 (PF), is it in the PI-115 section somewhere? TIA!!
There is no place in either the PR or PF sections to account for education tax credits. Education tax credits are reported in PI-145 (only the non-refundable portions of any credits are reported), but if you’re filling out the 2017-2018 Profile now for students who are current freshman, you wouldn’t have anything to report unless you had a different student for whom you claimed the credit in tax year 2015. PI-115 is for prior-prior year taxable dividend income.
Great, thank you so much BelknapPoint for the clarification!