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March 12, 2023
Question

TT is making purchase Deluxe bc they say I got a Lifetime Learning Credit. But the form says I do not qualify.

  • March 12, 2023
  • 2 replies
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2 replies

rjs
Employee
March 12, 2023

If you do not qualify for the credit, don't enter your Form 1098-T or any education expenses. Then you will not have to upgrade TurboTax. You do not have to report your 1098-T if you are not claiming the education credit.

 

rjs
Employee
March 12, 2023

If you got a scholarship, and the scholarship in box 5 of your 1098-T is more than the tuition in box 1, then you do have to report the 1098-T. The difference between the scholarship and the tuition is taxable income. If you have taxable scholarship income you cannot use TurboTax Free Edition.