Federal Tuition Transfer amount won't enter full value on parents return. Daughter's return calculated to $2,550.82. Will only accept $1679.73 as max value on parents.
01507
1 Replies
TurboTaxSusan
Moderator
Oct 31, 2019 3:33:35 AM
How much does the parent need to reduce their tax payable to zero? Anything above that will not be used. The tuition transfer credit is non-refundable, so it can only reduce taxes owing, it can't create a refund.