Yes, your daughter can transfer her unused tuition credits to you. In order to transfer unused tuition credits to someone else, you first need to know the precise amount(s) so that you can claim them on your tax return. In the first step your daughter need to enter her income information into TurboTax, thenclaim her tuition fees. TurboTax will then automatically calculate the maximum amount of credits she may transfer to you.
Refer to the following steps for instructions on how to transfer your unused tuition credits in TurboTax:
Instructions for TurboTax Online
SelectFindfrom the menu, then enterstudentsinto the search bar
SelectStudentsfrom the search results, then selectGo. TheYour Student Profilescreen appears
SelectTransfer of tuition and education to a spouse, parent or grandparent, then selectContinue.
SelectDone with Tuition Fees. Proceed through your return until theTransfer Tuition and Education (Federal)screen appears
Follow the on-screen instructions to enter the unused amount of federal tuition you want to transfer, then selectContinue
If you live in a province that allows provincial tuition credits, you'll be prompted to enter those amounts next
Instructions for TurboTax CD/Download
SelectFindfrom the menu, then enterstudentsinto the search bar
SelectStudentsfrom the search results, then selectGo. TheYour student profilescreen appears
SelectTransfer of tuition and education to a spouse, parent or grandparent, then selectContinue. TheLet's get you some tax breaks for going to school!screen appears
SelectDone With Tuition. Proceed through your return until theTransfer tuition (federal)step appears
Follow the on-screen instructions to enter the unused amount of federal tuition you want to transfer, then select the person you want to transfer them to, and selectContinue
If you live in a province that allows provincial tuition credits, you'll be prompted to enter those amounts next
For more information about how to claim and enter in your tax return, please see the links below.