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I'm supposed to be able to transfer $5000 from my son's tuition onto my 2019 return. The "Tuition Transfer Amount" screen says I'm limited to $0. Where can I enter this?
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Seniors and students
Are you seeing the $0 amount on your return? His return? Perhaps it’s going to your spouse instead of you?
FYI: $5000 is the maximum that you might be able to transfer. However, the actual amount that you can transfer depends on your family’s situation.
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Seniors and students
Hi. Thanks for getting back to me.
On the "Tuition Transfer Amount" screen, I have his tuition from Fed Sched 11 lines 2 + 3, zeroes on the rest of the lines (except months of study). I click "Tuition Transfer" and enter $5000, which is the amount he transferred to me (on the back of his T2202), and I'm supposed to put on Fed Sched 1 line 32400. After I click I get a message that the maximum transferable amount is $0.
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Seniors and students
Problem solved!
It turned out that I had accidentally entered my son's net income as $866,000 instead of $8,660. That info is entered way before any tuition transfer stuff, and I didn't connect the two. As soon as I corrected his income, the amount of tuition transferred was automatically set to $5000.
It would have been useful to have the message say something about the reason I couldn't enter more than $0.
Thanks for the help.
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Seniors and students
Do you know where I can go to check the dependant income? Im having the same issue where its saying my maximum i can claim is less than the total transferred to me