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??
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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.
Mine works just fine. Are you making any other entries on the student info worksheet? And is box checked to be claimed by other?
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