Form 8863-K - Kentucky Education Tuition Tax Credit - 2014 Page 2
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3FORM 8863-K (2014)
*1400010045*
Page 2
42A740-S24
PART III—Lifetime Learning Credit (List only expenses for undergraduate studies from Kentucky institutions)
(d) Qualified Expenses
5.
(a) Student Name
(b) Student SSN
(c) Name and Address of Kentucky Institution
(See instructions)
6. Add the amounts on line 5, column (d) and enter total here ............................................................... 6
7. Enter the smaller of line 6 or $10,000 .................................................................................................... 7
8. Multiply line 7 by 20% (.20) and enter here ........................................................................................... 8
9. Enter the decimal amount from line 17 of the federal Form 8863. If this line is blank, enter -0-
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and go to line 10; you cannot take any Lifetime Learning Credit ........................................................ 9
10. Tentative Lifetime Learning Credit. Multiply line 8 by line 9 and enter here (Note: The result
on line 10 cannot exceed the amount of the federal Form 8863, line 18) ......................................... 10
11. Add lines 4 and 10. This is your total of the tentative Kentucky Education Tuition Tax Credits ........ 11
PART IV—Allowable Education Credits
12. Multiply the amount on line 11 by 25% (.25) and enter total here .................................................. 12
13. Enter tentative tax from Form 740 or Form 740-NP , page 1, line 22 ................................................ 13
14. Enter amount from Part V, line 34. If Part V, line 34 is blank, enter -0- ............................................. 14
15. Subtract line 14 from line 13 ............................................................................................................... 15
16. Enter the smaller of line 15 or line 12 ................................................................................................ 16
17. Add lines 14 and 16. Enter here and on Form 740 or Form 740-NP , line 23.
This is your allowable 2014 Kentucky Education Tuition Tax Credit ................................................ 17
18. If line 15 is smaller than line 12, subtract line 15 from line 12. This is the amount
of unused credit carryforward from 2014 to 2015. Enter here and on the 2014 Carryforward
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Worksheet, Line E, provided below ..................................................................................................
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PART V—Credit Carryforward from Prior Years
19. Enter tentative tax from Form 740 or Form 740-NP , page 1, line 22 ................................................ 19
20. Enter your credit carryforward from 2009 ......................................................................................... 20
21. Enter your credit carryforward from 2010 ......................................................................................... 21
22. Enter your credit carryforward from 2011 .......................................................................................... 22
23. Enter your credit carryforward from 2012 ......................................................................................... 23
24. Enter your credit carryforward from 2013 ......................................................................................... 24
25. Add lines 20 through 24 and enter total here ................................................................................... 25
26. Subtract line 20 from line 19. If zero or less, enter -0- ...................................................................... 26
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27. Enter 2010 credit carryforward to 2015. Subtract line 26 from line 21. If zero or less, enter -0- ...
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28. Subtract line 21 from line 26. If zero or less, enter -0- ...................................................................... 28
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29. Enter 2011 credit carryforward to 2015. Subtract line 28 from line 22. If zero or less, enter -0-...
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30. Subtract line 22 from line 28. If zero or less, enter -0- ...................................................................... 30
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31. Enter 2012 credit carryforward to 2015. Subtract line 30 from line 23. If zero or less, enter -0- ..
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32. Subtract line 23 from line 30. If zero or less, enter -0- ...................................................................... 32
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33. Enter 2013 credit carryforward to 2015. Subtract line 32 from line 24. If zero or less, enter -0- ...
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34. Enter the smaller of line 19 or line 25 ................................................................................................ 34
2014 Carryforward Worksheet
A. From Part V, Line 27, 2010 to 2015
_____________
B. From Part V, Line 29, 2011 to 2015
_____________
C. From Part V, Line 31, 2012 to 2015
_____________
D. From Part V, Line 33, 2013 to 2015
_____________
E. From Part IV, Line 18, 2014 to 2015 _____________
If you have a carryforward of credit, maintain a copy of this worksheet or Form 8863-K for your records.
This information will be needed to prepare future returns.
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