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Education Expense Optimization dialog (1040)

Use this dialog to assess whether the tuition and fees deduction or the education credits will be most advantageous to your client. The utility produces a detailed report that shows, on a per-student basis, the amount of the tuition and fees deduction or education credit that will be reported on the tax return. The report also includes a Tax Summary section that allows you to review how selected values on the tax return, including state net due / overpayment, will change based on your choices. After previewing or printing the report, select OK to automatically transfer the optimized amounts to the tax return. For more information, see Using the Education Expense Optimization utility.
To open this dialog, choose Utilities then Education Expense Optimization. (Note that this menu command is available only if the open tax return is not a 1040NR, 1040SS, or 1040NR (EZ); the return is not a dual status return; the filing status is anything other than married filing separate; and at least one Education Expense Optimization code (Ed Exp Code) of 4 or 5 has been entered in the
Eligible student information
 statement dialog in the Educate Screen.)

Fields & buttons

Select this button to view the Education Expense Report.
Select this button to open the Print Reports dialog, which you can use to print the Education Expense Optimization report.

This article applies to:

  • Product: UltraTax CS
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