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Child's tuition expenses not transfering over to parent
My child's TurboTax shows a portion of her tuition expense that can be transferred over to me as a parent. I've completed all the settings to facilitate the transfer, but it does not show on my TurboTax as a transferred amount. I do have taxes owing, which I think is one of the criteria for the transfer.
Appreciate some advice. Thanks.
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Please clarify,
Tax files from one year to the next can be transferred using TurboTax for the same Taxpayer, but one taxpayer's file cannot be transferred to a different taxpayer's TurboTax account.
If your daughter is a student, and you claim her as your dependent, you should enter her 1098-T (showing education expense) in your TurboTax program.
Enter it under
Deductions & Credits
Education
Education expenses
A dependent student cannot claim an education credit, the person that claims the student claims the eligible education credit.
Please continue the question if you need more help to enter Form 1098-T and any of her other expenses.
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Thanks for the quick reply !
Not sure why you're referring to transferring files from one year to the next ? I'm specifically asking about two tax returns, both for 2024. One file is for me and my spouse for 2024. The other file is for the child in question also for 2024.
In any event. To clarify, I have entered the education expenses in my child's return and if I understand correctly it is showing the amount my child can claim and the amount that can be transferred to my filing (or my spouse I assume) - see attached screen caps. Are you suggesting that I need to indicate my child as a dependent first on my return in order for the expenses to be transferred to my filing ? And that the expenses can only be either claimed by her or claimed by me, but cannot be split between her and me ?
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I'll need to have this moved to the Canadian site, this is US.
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@kibitz Yes you do have to add child (student) as a dependent
.Deducting Your Child’s School Tuition From Your Taxes?
- Enter claims for dependants and select Go
- When prompted to review or claim any of these credits, choose Yes, then select Continue
- Select Enter Credit Info next to the name of the dependant who's transferring unused tuition amounts to you
- Select Transfer my Child's Tuition and Education Amounts, then select Continue
- Follow the on-screen instructions to select Tuition Transfer, enter the amount(s) of the transfer(s), then select Continue
Thanks for choosing TurboTax.
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I am having the exact same issue. I went through the same steps and it still not transferring over for me. Help!
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@J_BARBER Does the student have any income? Tuition fee will use towards bringing the students owing down first.
In order to transfer your unused tuition credits to someone else, you'll first need to inform them of the precise amount(s) so that they can claim them on their own tax return. The first step is to enter your income information into TurboTax, then claim your tuition fees. TurboTax will then automatically calculate the maximum amount of credits you may transfer to another party.
Refer to the following steps for instructions on how to transfer your unused tuition credits in TurboTax: How do I transfer my unused tuition credits to someone else?