Full amount of tuitiion is not being transfer to a parent

Logan8 · ‎March 09, 2021

I am preparing a tax return and profiling is limiting the amount of tuition transferred from a dependant to less than the $5,000 limit. Its not a situation where the dependent is not eligible to transfer the full amount as when I increase the parents income it transfers the full amount. Profile limiting the transfer would make since if the parent no longer had federal taxes but they are limiting the transfer to the point where the parent still has federal taxes of $450. Anyone else have this issue or have any insight?

ProFile Duncan · ‎March 10, 2021

Hi, thank you for using Intuit ProFile Community

Override the tuition transfer amount at the bottom of the parents dependant screen for a workaround. We will investigate further

I apologize for the inconvenience

ProFile Duncan · ‎March 13, 2021

Hi, thank you for using Intuit ProFile Community

After investigation, product development will fix the calculation for transfer in ProFile 2020.4.0, targeted for release at the end of March 2021.

Again I apologize for the inconvenience but thank you for bring this to our attention