How do I get entries to flow to Form IT-272 or IT-203-B - Qualifying Expenses for College Tuition Credit or Itemized Deduction?
To qualify for the college tuition credit or Itemized deduction, you, your spouse, or your dependent(s) must be an undergraduate student enrolled at or attending an institution of higher education and have paid qualified college tuition expenses in 20YY where YY is the current tax year. Only expenses for undergraduate enrollment or attendance qualify.
For the student to qualify, you must indicate that this criteria has been met by selecting the option Expenses entered are for Undergraduate study ONLY in the State Use Only area at the bottom of the federal 8863 screen. If the return is a part-year return, also select NY in the ST field drop list at the top of the screen.
The following are not qualified college tuition expenses:
- Tuition paid through the receipt of scholarships or financial aid. For this purpose, financial aid does not include student loans, other loans, and grants that must be repaid either before or after the student ceases attending school.
- Amounts paid for room and board, insurance, medical expenses (including student health fees), transportation, or other similar personal, living, or family expenses.
- Fees for course-related books, supplies, equipment, and nonacademic activities, even if the fees are required to be paid as a condition of enrollment or attendance.
If there is incorrect or incomplete information, NY EF Message 0461 generates. Overrides are available on the NY > 272 screen.
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