Why would Proseries not apply the refundable portion of the American Opportunity Credit?

Forum|Forum|4 years ago
October 27, 2021
12 replies
54 views

Taxpayer (Single, not claimed on anyone else's return) qualifies for American Opportunity Credit, but Proseries Form 8863 is only applying the non-refundable portion. The box on line 7 is being automatically checked, and line 8 is blank. What could I be missing that would cause the line 7 box to be checked?

ProSeries Professional

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dkh

Level 15

Well...F8863 line 7 says .... if under age 24 AND meet conditions described in instructions - skip line 8 enter line 7 on line 9 So you will need to read instructions to see what conditions are being met to cause this.

T

Terry53029

Intuit Community Champion

Did you answer questions at very bottom of form 8863 if your client is under age 24

D

davetodd11Author

Level 5

I did. Proseries actually specifically indicates that TP is eligible for the credit.

dkh

Level 15

Are parents alive? If yes, doesn't qualify for refundable amount. READ the instructions.

dkh

Level 15

See what is or is not checked on the Federal Information Worksheet Part X - Dependent of Someone Else

D

davetodd11Author

Level 5

In the information worksheet, I have indicated that the taxpayer cannot be claimed by another.

Proseries is giving the entire amount of the $2,500 credit as non-refundable. Since it ultimately works out the same on this particular return, I'm just going to leave it as PS has it calculated.

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