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Yes - all versions of TurboTax Online support Form 8863, Education Credits. To fill out Form 8863, complete the education section by answering the interview questions. While providing your answers, TurboTax will automatically be filling out Form 8863 and checking for deductions and credits you may qualify for. Select Federal Taxes tab (Personal ...
In the Desktop version of the software, you can click on "Forms" to view a particular Form. Here is a link to the IRS blank form if you needed to see a pdf of the form: Form 8863 . If you were asking where to get your Form 1098-T, you will need to obtain that from your University. Most will have it available through online access.
Expert Alumni. You can generate Form 8863 by going through the Education section in the Deductions and Credits Section. There is not a separate entry spot for each of the education credits, instead, you enter all of your expenses in the 1098-T section and TurboTax will calculate your credit options for you. Use the 1098-T section even if you ...
1 Best answer. The American Opportunity Credit (formerly the Hope Credit) provides up to $2,500 for each eligible student per year. It can be claimed for the first four years of higher education. If you had claimed any amount of this credit in previous years, you'll see how much at the bottom of Form 8863, Page 2.
Rachel_W. Expert Alumni. Please follow these steps to input your Education Expenses for Form 8863: Login to your TurboTax Account. Click " Take Me To My Return ". Click " Search " in the upper right corner, then type " 1098T " in the Search Box. When the results populate, click the " Jump to Link ". Click " Yes " where it asks if you want to ...
1 Best answer. jbeasley2. New Member. The Form 8863 (Education Credits (American Opportunity and Lifetime Learning Credits) Is part of your return and if you e-filed your return, the form was e-filed with it and does not need to be mailed. If there is a form that needs to be mailed, you can print out your return and look at the instruction sheet.
The box on Form 8863 Line 7 would only be checked if the 1098-T is being entered into the Student's return and the student wants to take the non-refundable part of the credit. This is only allowed if the Taxpayer (usually parent) agrees to not claim the student. In this situation, NOBODY claims the student.
Yes, you will need to include Form 8863 if you are amending your return and it was one of the forms that was added when amending. Amended (Form 1040X) will be available during the month of February. In order to process amendment forms, they will need to be completed, printed and mailed to the IRS .
If I include the total amount of scholarship $ (used to pay tuition and fees) in income, can I then fill out form 8863 and get up to $4000 in qual. edu. exp. as a credit? Announcements Attend our Ask the Experts event about Extension Filers on Sept 25! >> RSVP NOW !
Reject Code F8863-528-03 indicates that a particular student listed on Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits), has already had their Social Security Number (SSN) used on a Form 8863 on another person’s tax return. Make sure that the student’s last name and SSN are correct on the return you ...