Frustrated-in-I L
Level 9
02-28-2023
01:20 AM
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I am not sure what you are asking. Once you enter everything on the Student Information Worksheet in Part VI, make sure you enter a maximum of $4000 on Line 17 (assuming you are calculating AOTC). That should be the only adjustment needed (lines 14-16 are used less often). The program will make the calculation of the taxable portion of the Q using the qualified expenses reduced by $4000. If you don't put $4000 on Line 17, the program will use a larger amount to calculate the credit, resulting in lower qualified expenses and thus, more of the Q taxable.