Taxcut notes that I will get no benefit from a tuition deduction (as my deductions already well exceed my income) so it won't give me any.
Seems to me that it can't hurt to take it anyhow; in event of an audit it seems prudent to take everything you can get in case they try to dissallow something.
Is there any sense behind Taxcuts refusal?
"Tom" wrote
File the papers away with your return and if they audit you and discover unreported income or they disallow some deductions, then you can whoop out the paperwork and take the deduction.
Sounds kinda snippy to me. Who does it think is in charge?
Not claiming it on your original return wouldn't stop you from claiming it in an audit.
Your software is being stupid. Granted that it won't reduce your tax (if you're at zero already), but depending on what else there is, there could be an NOL, and the deduction could affect the NOL computation (by wiping out non-business income that would otherwise cancel the business loss). Do you have an NOL?
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