Why is Lacerte limiting Elementary and Secondary Education Expenses to $10k on a per taxpayer basis rather than a per beneficiary as specified in Notice 2018-58?

Forum|Forum|6 years ago
December 7, 2019
2 replies
39 views

1099-Q. Why is Lacerte limiting Elementary and Secondary Education Expenses to $10k on a per taxpayer basis rather than a per beneficiary as specified in Notice 2018-58?

Lacerte Tax

This topic has been closed for replies.

Best answer by rbynaker

It's broken. They're not fixing it. Override.

rbynakerAnswer

Level 13

It's broken. They're not fixing it. Override.

T

toddcbadAuthor

Level 4

At least I know it now. I'm trying to figure out how to override with a California return where California doesn't comply.

Kathi_at_Intuit

Moderator

Thanks for reaching out. Our development is aware of this and a fix is tentatively scheduled for 4/18.

**Click the 👍Thumbs up icon to say thanks on a post, and click Best Answer to mark the post that answered your question.**

T

toddcbadAuthor

Level 4

Release out today adds state selection fields but does not fix the federal issue of Lacerte not allowing $10k per beneficiary without tax but still taxing more than $10k per taxpayer.

Sign up

Login with SSO

Let's get you signed in

Login with SSO