Question

Qualified Education Expenses

Forum|Forum|4 years ago
April 13, 2022
1 reply
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The QTP computation of taxable distribution is reducing our total expenses by $10k and including a portion of this amount as taxable. We do not qualify for the education credit and I saw a question from 2019 that says you have to manually adjust the amount showing on Line 2c so that you get the full amount of expenses. Where do we make this adjustment so we don't have to pick up any of our college expenses as income? Thank you.

KrisD15

You need to go through the entire education interview, it will tell you the credit you are eligible for and past that, the allocation of expenses and payments.

Select Edit for the student and complete the interview for

Other Education Expense

Scholarship/Grants

Education Information

Click Continue

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