Problem with Form 1098-T in Deluxe
I have a senior in college and have been reporting his Education expenses in TurboTax Deluxe for the past 3 years. This year, Deluxe did not ask me to enter his Form 1098-T and listed tuition expenses of $0. Likely I caught this because it would have reduced my refund by $2,500 for the missed American Opportunity Credit. My son's information was uploaded from the previous year's tax return. I had to delete him from the return and reenter his information to fix the problem. This is year 4 he claimed the credit so is still eligible. This identical problem happened to a friend of mine who also has education expenses. He missed the mistake and paid $1,200 to the IRS instead of getting a $1,300 refund.