Form 8863-K - Kentucky Education Tax Credit - 2016
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1
2
3
42016
8863-K
*1600010026*
42A740-S24
K
ENTUCKY
Department of Revenue
E
T
T
C
ä Attach to Form 740 or Form 740-NP .
DUCATION
UITION
AX
REDIT
Enter name(s) as shown on Form 740 or Form 740-NP , page 1.
Your Social Security Number
Caution: You cannot take the 2016 Kentucky Education Tuition Tax Credit if you are not eligible for the Federal Education Credits.
You must attach the federal Form 8863.
Carryforward Information: If you have an unused credit from prior year(s), complete Page 2, Part V to determine your carry-
forward amount. You must have completed Form 8863-K in prior years to claim any allowable unused credit carryforward.
PART I—Qualifications
Yes
No
•
Are all expenses claimed on this form for an eligible educational institution
located within the Commonwealth of Kentucky (Kentucky institution)?..................................................
•
Are all of the expenses claimed on this form for undergraduate studies? ..............................................
•
Is your Kentucky filing status single; married filing separately on a combined return;
or married filing a joint return? ...................................................................................................................
If you answered “No” to any of these questions above, STOP , you do not qualify for this credit.
If you answered “Yes” to all questions above, go to Part II.
PART II—American Opportunity Credit (List only expenses for undergraduate studies from Kentucky institutions)
(f) If column (d) is zero
1.
(c) Qualified Expenses
(d) Subtract $2,000
enter the amount from
(see instructions). Do not
(e) Multiply column (d)
from column (c);
column (c); otherwise,
(a) Student Name
enter more than $4,000
by 25% (.25)
if zero or less enter -0-
add $2,000 to column (e)
SSN
for each student.
and enter result
.00
.00
.00
.00
(b) Institution Name and Address
(f) If column (d) is zero
(c) Qualified Expenses
(d) Subtract $2,000
enter the amount from
(see instructions). Do not
(e) Multiply column (d)
from column (c);
column (c); otherwise,
(a) Student Name
enter more than $4,000
by 25% (.25)
if zero or less enter -0-
add $2,000 to column (e)
SSN
for each student.
and enter result
.00
.00
.00
.00
(b) Institution Name and Address
.00
2. Add the amounts on line 1, column (f) .................................................................................................. 2
3. Enter the decimal amount from line 6 of the federal Form 8863. If this line is blank, enter -0- and
go to line 4; you cannot take any American Opportunity Credit ......................................................... 3
•
4. Tentative American Opportunity Credit. Multiply line 2 by line 3 and enter here (Note: The
result on line 4 cannot exceed the amount of the federal Form 8863, line 7). If you are taking
the Lifetime Learning Credit for another student, complete Part III; otherwise, enter amount
from line 4 on line 11 ............................................................................................................................... 4
.00
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