Recapturing (Repaying) Education Credits or Deductions
Updated: 12/26/2012
Article ID: HOW15187
Instructions
- Open your 2012 tax return in TurboTax.
- In TurboTax, find the topic recapture education deduction. (Use this exact phrase to search.)
- TurboTax will take you to the screen Any Education Deductions or Credits in 2011? Answer Yes.
- The next screen will then ask you if you received a refund of educational expenses. Answer Yes again and then continue following the on-screen instructions.