Does a student have to use their Tuition & Educ amount needed to reduce tax payable to zero, or can they override the Sch 11 calculated amount in a year & carry forward it all?
Does the student actually have to use whatever amount of carried-forward or new Tuition & Educ amount is necessary to reduce tax payable to zero, or can they override the Sched 11 calculated amount in a year they owe some nominal tax, & instead carry forward it all? If they must use it, is that a change? As I seem to recall in years past that you could choose how much (or little) of the available T&E amount to utilize. Anyone know for sure?