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Does Turbo Tax software limit the years to four, that an individual may claim the American Opportunity Credit?

Forum|Forum|7 years ago
June 6, 2019
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TurboTax Free Edition Online

Best answer by Zbucklyo

By law, you can only claim the AOTC for at most four years. Turbotax will ask the question whether the AOTC has already been claimed for four years, but, if you lie, it will not stop you from claiming the AOTC for a fifth year. The IRS will pick up the error eventually and send you a letter proposing to disallow the AOTC if you do so.

Z

ZbucklyoAnswer

Employee

By law, you can only claim the AOTC for at most four years. Turbotax will ask the question whether the AOTC has already been claimed for four years, but, if you lie, it will not stop you from claiming the AOTC for a fifth year. The IRS will pick up the error eventually and send you a letter proposing to disallow the AOTC if you do so.

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g-penterpriseAuthor

Actually, TTax asks you to enter any 1098T's you may have received for the year and to list any other related college expenses to determine eligibility. For many, if not most, TTax software is used year after year, transferring the previous year forward. For TTax software to then include, as eligible, the same SSAN for five or six years, indicates there is a flaw in the software. It's not a matter of the taxpayer lying, as it is trusting the TTax software to know the tax codes and guide the taxpayer appropriately.