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??
Id' be inclined to agree with you... payments - scholarships = zero ...... no credit, no income, nada.... any errors missing info? sometimes you accidentally get a 'phantom' student info worksheet.... but I'm just tossing anvils in the air.
I removed the education information from the return. Deleted the forms and re-entered from the 1098T. Same result. Education Credit calculated.
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