The lifetime learning credit is not working. I qualify and see that I qualify, but I am unable to use the "letme" override to apply the credit.

Forum|Forum|2 years ago
April 17, 2023
1 reply
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When I use the "letme" override, I see that I am eligible, I'm able to check the Lifetime Learning Credit button, and then the next screen says I am ineligible.

TurboTax Self Employed Online

Hal_Al

Employee

The LLC is non refundable. It can only be used to offset an income tax liability.

rachelballjonesAuthor

Thanks! That makes sense, but it's still showing that I owe quite a lot in federal taxes. Does "offset an income tax liability" mean that the LLC would be deducted from what I owe? If so it looks like it is not working properly.

Hal_Al

Employee

Q. Does "offset an income tax liability" mean that the LLC would be deducted from what I owe?

A. Yes.

If you are eligible, you have answered something wrong, in the interview. Go thru the interview again (you may want to delete and start over). But, a lot of people are just not eligible.

see this TT FAQ https://ttlc.intuit.com/questions/3383321-why-didn-t-i-get-a-credit-or-deduction-for-education-expen...

and this

https://www.irs.gov/individuals/llc