My nephew has ~$10,000 in unused federal tuition and education amount carried over from 2015. He started working full time in 2016. Without using the tuition carry over, he already has a $300 tax return (as his income was less than $20,000 in 2016). However, the TurboTax software is automatically applying ~$5,000 this year and carrying over the rest. Is there a way I can manually change this so that I can carry over the full $10,000 amount to apply in future years when his income is higher?
You cannot pick and choose whether or not to claim unused tuition amounts or the year you want to apply them to. They must be used in the first available year that you have income and to to the extent to reduce your taxes to zero. If there is still a portion to carry forward it will be applied to the next year where you have income etc.
You cannot pick and choose whether or not to claim unused tuition amounts or the year you want to apply them to. They must be used in the first available year that you have income and to to the extent to reduce your taxes to zero. If there is still a portion to carry forward it will be applied to the next year where you have income etc.
Turbotax is automatically using all unused/carry forward amounts resulting in over a $3000.00 return. I am not able to keep carrying forward some of these amounts? Yet lasts year it wouldn't apply them and had the pay $146 dollars
Turbotax is automatically using all unused/carry forward amounts resulting in over a $3000.00 return. Am I not able to keep carrying forward some of these amounts? Yet last year it wouldn't apply them and had to pay $146 dollars
TurboTax should have automatically used the amount necessary so that your return would be at zero.
Please complete this form if you feel it was a TurboTax error.
maryjill
New Member
EdW
New Member
frankytai2020
New Member
mohoog313-gmail-
New Member
cardoso183
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.