I'm supposed to be able to transfer $5000 from my ...

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michael-weir-com
New Member

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?

 
3 Replies
TurboTaxSusan
Moderator

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?

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.

michael-weir-com
New Member

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?

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.

michael-weir-com
New Member

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?

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.

v