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New Member
posted Apr 19, 2020 1:07:21 PM

Tuition fee transfer - Turbo Tax lowers the number Max is $5,000 - amount to reduce student's tax to 0. Amount lowered automatically, stating it is the max. Not sure why.

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1 Replies
Level 15
Apr 26, 2020 5:52:51 PM

If the dependant or student needs to use an amount of tuition that exceeds $5,000 to reduce their own tax payable, there is Zero left to transfer. 

 

Please see this FAQ from TurboTax for more information: Frequently asked questions about transferring and carrying forward tuition and education amounts