Turbotax qualified student for American Oppurtunity Tax Credit for more than 4 years

Forum|Forum|1 year ago
November 19, 2024
2 replies
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Hello,

I have been using Turbotax since 2018. I started college in 2019 fall and completed final semester in 2023 spring.

Trubotax provided in American Oppurtunity Tax Credit(AOTC) for 2019, 2020, 2021, 2022 and 2023 as well.

I now have received mail from IRS listing the error.

I have imported previous years return when filing for next year, not sure, why Turbotax allowed the credit to be included for 2023.

I'd now have to file amended return. I tried to back in Turbotax and it doesn't let me change the qualify flag for AOTC. Would appreciate any help in how to do the amended filing and what recourse I have with Turbotax for incorrectly doing my taxes.

Thanks

Bsch4477

Employee

Did the IRS letter tell you to amend or are they adjusting your return? When you claim AOC in TurboTax you are asked if you have claimed it for 4 years.

maroraAuthor

IRS asked to file amended return for federal, state and local tax returns.

When filing initially, it didn't ask me number of years AOC was claimed. However, It did ask me, if I was a full time student at least 5 months in 2023.

rjs

Employee

Here is a screen shot of the screen that asked you how many years you claimed the American Opportunity Credit. If you had answered 4 or more you would not have qualified for the credit.