User talk:Busbuilder

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Reply to your post at my "User page"

You wrote: {lifetime learnign credit I have a client who is getting a second degree. He is considered to be in his second year. Can I use the Hope credit for a second degree? ProSeries wants me to use the lifetime learning credit since it higher than the hope.}


Thanks, Kim

Reply: Yes. It is correct. Client cannot use Hope credit. It is for first 2 years after High School. So for second degree you must claim Life Time Learning.

Bye

Ishaq


Your question has been moved

Your question has been moved to the Consumer Questions Discussion Forum because it does not appear to comply with the guidelines established for TaxAlmanac and the tax forum, which are intended for use by tax professionals only.

If you are not a tax professional, you will likely be advised to seek out a local tax professional who will have the opportunity to understand your entire business and/or tax situation and can provide both advice and follow-up. This is not simply a brush-off, it's because (a) simplistic answers to questions that are more complicated than you may even realize can be more dangerous than helpful to you, and (b) the users on this site actually make their living helping people like you answer questions like yours, and are not always inclined to do the same thing for free.

If you do not yet have a tax preparer, you might find How to find a local Tax Professional to be helpful.

You are, of course, welcome to use the yellow search box (left side of screen) to look for info that might be helpful to you in better understanding the issues you face. And, once in a while, the tax professionals who come to this site to interact with each other will also help out non-professionals, but often the situations that are presented are not the kind that can be answered in a quick post or two.

(If you are a tax professional, you need to update your user page to provide some information about your level of experience and background/credentials, and then your question could be moved back to the tax forum by a moderator. While you're waiting for that to happen, please be sure to review Pub 17 and other standard research resources that provide answers to common questions.) But otherwise, please consider asking this, and future, questions at www.Turbotax.com. Thank you.


Note – updating your profile is just one of the four steps in “asking a new tax question” – if you skipped any of the other steps as well (e.g., searching the archives, familiarizing yourself with TaxAlmanac), please do that now, too.

Trillium 13:02, 26 October 2009 (CDT) - edited Trillium 13:10, 26 October 2009 (CDT) to add the note about searching, as I believe you will find some prior discussions on this topic if you use the yellow search box

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