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Level 3
February 27, 2023
Solved

American Opportunity Tax Credit

  • February 27, 2023
  • 2 replies
  • 22 views

When indicating that a taxpayer is under 24 the program is still calculating the refundable portion of the AOTC which is not correct.  Has anyone else experienced this or am I answering one of the many questions incorrectly?

This topic has been closed for replies.
Best answer by TaxGuyBill

How are you answering the three questions on the bottom of the 8863?

2 replies

Level 8
February 27, 2023

If you answered NO to the question, "does the taxpayer have a living parent"?, then the software will generate the refundable portion of the credit to the student/taxpayer. That's how it works.

Level 15
February 28, 2023

How are you answering the three questions on the bottom of the 8863?

Level 3
March 1, 2023

I answered way too many questions!  My bad....