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Posted by JHB on February 27, 2007, 4:14 pm
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This is a warning!
As of t9day (2/26/07) there is a bug in Turbotax handeling
of the Educational CRedit on form 8863.
On line 6 of that form, 6a has a multiplicatioon factor of
40% and 6b has a multiplactiaon factor of 20%. The 40%
factor is intended to be applied for anyone who was imacted
by Katrina, and the 20% facior by anyone else. The system
appears to apply the 40% factor REGARDLESS
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