Question
Education credit calculation
Taxpayers dependent has 1098T. Box 1(payments received) and Box 5 (scholarships) are the same but ProSeries is calculating an education tax credit based on the full amount of box 1..... I thought the net education expenses were zero then no credit would be calculated...???
The diagnostics states that there is a taxable scholarship amount which needs to be added to line 9 of the dependents tax return........
Correct or not correct??
