Recapture of prior year education credit

[elabre]

Does any one know how to handle a recapture of a lifetime education credit in Max?

The recapture is for a spouse per a 1098T for a tuition adjustment. Tuition paid in 2006 and adjusted in 2007. This year the husband has a hope credit so Form 8863 has to be filed again. The form instructions say to enter the amount of recapture on line 44 with "ECR".

I put the recapture on the 1040EdEp form as a negative number which nets it against husbands hope credit. It gives the proper net education credit but doesn't seem quite right.

Any one have any suggestions?

Gene

[grandmabee]

Does any one know how to handle a recapture of a lifetime education credit in Max?

The recapture is for a spouse per a 1098T for a tuition adjustment. Tuition paid in 2006 and adjusted in 2007. This year the husband has a hope credit so Form 8863 has to be filed again. The form instructions say to enter the amount of recapture on line 44 with "ECR".

I put the recapture on the 1040EdEp form as a negative number which nets it against husbands hope credit. It gives the proper net education credit but doesn't seem quite right.

Any one have any suggestions?

Gene

you don't adjust the credit for this year. you recalulate the credit based on 06 return and then bunny hop from line 44 and there is a space for the recapture. worksheet in the instrustion also.

[elabre]

Found the answer. There is a spot on the 1040 line 44 calculation to enter the recapture. Duh...........