SensibleandHour ly
Level 8
03-26-2024
06:25 PM
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Hello everyone,
So, client had a scholarship last year that was more than the payments made; (7513/4247)and still qualified for an AOC credit of $1000. She did her returns with one of our competitors last year. In 2023, she earned another scholarship of $7,888 again tuition of $5,764, so creating taxable income of the difference and not allowing the AOC credit. Did something change, or did I not check a box? I remember in basic, we had to remember to hit the optimizer button, but not sure if there is something similar in Professional? Thank you for any insight anyone can provide!
Have a great night,
Dawn
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