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March 13, 2021
Question

Form 8863 Line 27 American Opportunity credit

  • March 13, 2021
  • 1 reply
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My credit is much lower this year than last. In trying to figure out why - I am trying to figure out how you came about at the figure on line 27 - is there a worksheet that you did not put in? 

1 reply

Hal_Al
Employee
March 13, 2021

Yes, the student information worksheet.

 

But, what amount is on line 27 and why do you think it should be different?  In simplistic terms, TurboTax start with how much box 1 of your 1098-T exceeds box 5.  Unless you adjust it, that's what's usually on line 27 of form 8863.