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New Member
posted Apr 16, 2022 7:32:38 PM

The tuition transfer amount autofilled by TurboTax is less than what can be transferred from our child. How do we overwrite this or fix this glitch in turbotax?

The amount to be transferred from our child's tax return is 4990 but Turbotax is only allowing us 4708.

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1 Replies
Level 5
Apr 19, 2022 1:06:51 PM

Your child can transfer up to $5,000 of the tax credit, less the amount used to reduce tax owing. So if they reduced their tax owing by $1,000, the most that can be transferred is $4,000. The tuition amount can be transferred to their parent, grandparent, or spouse/common-law partner.

 

For more information, please see our TurboTax article link as Claiming a Tuition Amount From Your Child’s College

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