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April 5, 2022
Question

My tuition transfer amount is showing zero but on my daughter's return i chose for her to transfer tuition amount

  • April 5, 2022
  • 1 reply
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my daughter's return is not  matching up with my return.  it is not allowing me to transfer a tuition amount

    1 reply

    April 6, 2022

    There are some important differences regarding how, and from whom, you can claim transferred tuition. The process of claiming these amounts (and the amounts themselves) can vary depending on these differences. Follow the applicable steps below to enter transferred tuition into TurboTax.

     

    Note: The student claims the Tuition and Education Amount they’re entitled to on their tax return. If there is an amount left over when they’ve used their tax credits to bring their income tax payable down to zero, they can transfer the leftover amount to a parent, grandparent, spouse or common-law partner, or their parent or grandparent.

     

    To verify that all steps have been correctly followed, before you begin, find out the federal and/or provincial amount(s) your dependant is transferring to you. Then, enter income and RRSP information for yourself into TurboTax. Finally, add your child or grandchild as a dependant.

     

    TurboTax Online:

    1. Select Find from the TurboTax menu.
    2. Enter claims for dependants and select Go.
    3. When prompted to review or claim any of these credits, choose Yes, then select Continue.
    4. Select Enter Credit Info next to the name of the dependant who's transferring unused tuition amounts to you.
    5. Select Transfer my Child's Tuition and Education Amounts, then select Continue.
    6. Follow the on-screen instructions to select Tuition Transfer, enter the amount(s) of the transfer(s), then select Continue.

    TurboTax CD/Download:

    1. Select Find from the TurboTax menu.
    2. Enter claims for dependants, select the result, then select Go.
    3. When prompted to review or claim any of these credits, choose Yes, then select Continue.
    4. Select the name of the dependant who's transferring unused tuition amounts to you, then select Enter Dependant Credits.
    5. Select Transfer my child's tuition and education amounts, then select Continue.
    6. Follow the on-screen instructions to enter the federal and/or provincial amounts your dependant is transferring to you, then select Continue.

    For more information, please check out the TurboTax Article: Have a Student in the Family? Transfer Tuition and Education Amounts With TurboTax

     

    Thank you for choosing TurboTax.