The online software is limiting the amount transferred to an amount much below the $5000 maximum. Furthermore, the tuition amount does not impact taxes payable.
033759
3 Replies
TurboTaxSusan
Moderator
Apr 27, 2024 3:44:39 PM
Is it doing this on the student's return?
Jasondrysdale
New Member
Apr 28, 2024 10:50:53 AM
No, the issue is on my return. It does not allow me to enter the amount of tuition transferred and caps the amount claimed at 1800. I can’t see how this number is calculated and why it is capped.
TurboTaxSusan
Moderator
Apr 28, 2024 1:59:14 PM
How much tax do you owe? It may be capping the amount if you don't need full $5000 to reduce your taxes to zero.