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American Opportunity Tax Credit

greenfarms
Level 3

When indicating that a taxpayer is under 24 the program is still calculating the refundable portion of the AOTC which is not correct.  Has anyone else experienced this or am I answering one of the many questions incorrectly?

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Accepted Solutions
TaxGuyBill
Level 15

How are you answering the three questions on the bottom of the 8863?

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3 Comments 3
The-Tax-Lady
Level 9

If you answered NO to the question, "does the taxpayer have a living parent"?, then the software will generate the refundable portion of the credit to the student/taxpayer. That's how it works.

TaxGuyBill
Level 15

How are you answering the three questions on the bottom of the 8863?

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greenfarms
Level 3

I answered way too many questions!  My bad....

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