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April 19, 2022
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american opportunity credit

  • April 19, 2022
  • 3 replies
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I may have answered a question incorrectly...

 

I am in a doctorate program...

 

Turbo tax says that I do not qualify for AOC because:

already competed for years of college. Not enrolled in a program leading to  degree, certificate or credential.

 

How do I correct this?

    Best answer by Hal_Al

    Q.  How do I correct this?

     

     Go through the entire education interview until you reach a screen titled "Your Education Expenses Summary".  Click edit next to the student's name. That should take you to a screen “Here’s your Education Summary”. Click edit next to “Education Information”. Review you answers to all the questions.

     

    If that doesn't do it, at  the "Your Education Expenses Summary" screen ,   Click delete next to the student's name.  You'll then get the "Your Education Expenses Summary" screen again.  Click the "Add a student" button and start over.

    3 replies

    Employee
    April 19, 2022

    You are not eligible to seek the American Opportunity Credit, which is only for students who have not completed a bachelors degree.   Try using the Lifetime Learning Credit instead.

     

    https://ttlc.intuit.com/questions/3262983-who-is-eligible-to-take-the-american-opportunity-tax-credit

     

    https://ttlc.intuit.com/questions/3262984-who-is-eligible-for-the-lifetime-learning-credit

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    April 19, 2022

    Did you already file your return?

    If you did, wait until the IRS either accepts or rejects your return.

    If the IRS rejects your return, you can make the changes and re-submit your return.

    If the IRS accepts your return, you have to wait until it has been fully processed and you have received your refund. Then you can prepare an amended tax return. How do I amend my 2021 return?

    To adjust your entries:

    1. You need to revisit the Education section
    2. Click Update next Education Expenses, Scholarships  (Form 1098-T)
    3. Click edit next to your name 
    4. Click Edit next to Education Information 
    5. Go over the questions and adjust your entries. 
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    Hal_Al
    Hal_AlAnswer
    Employee
    April 19, 2022

    Q.  How do I correct this?

     

     Go through the entire education interview until you reach a screen titled "Your Education Expenses Summary".  Click edit next to the student's name. That should take you to a screen “Here’s your Education Summary”. Click edit next to “Education Information”. Review you answers to all the questions.

     

    If that doesn't do it, at  the "Your Education Expenses Summary" screen ,   Click delete next to the student's name.  You'll then get the "Your Education Expenses Summary" screen again.  Click the "Add a student" button and start over.