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

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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
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.

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.

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