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ed credit claimed last year erroneously


schirallicpa

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26 minutes ago, schirallicpa said:

I'm thinking that a few years ago I had another client where this happened and we did not amend the prior year return, but reported the credit as income.  But where?  Is this a line 21 item?  (American opportunity credit.)  I wish the universities had better reporting methods!

I think you recaptured a credit in the past (as a credit is a reduction in tax not a reduction in income).    Ok, you caught that. 

The Instructions for Form 8863 talk about it on page 5.  On the 2018 forms (grrrrr), you'd go to Form 1040, p. 2, Line 11a.  Right click it and there's a worksheet.  The recaptured credit goes on line 8 of the worksheet.  Should print "ECR" to the left of Line 11,  if I recall.

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