Sample Form 8863 - Education Credits (American Opportunity And Lifetime Learning Credits) - 2011 Page 2

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2
Form 8863 (2011)
Page
Part III
Refundable American Opportunity Credit
2,000
Enter the amount from line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7
8
Enter: $180,000 if married filing jointly; $90,000 if single, head of
90,000
8
household, or qualifying widow(er)
. . . . . . . . . . . . . . . . . . . . . . .
9
Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If you
are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from
17,457
9
Puerto Rico, see Pub. 970 for the amount to enter . . . . . . . . . . . . . . .
10
Subtract line 9 from line 8. If zero or less, stop; you cannot take any
72,543
10
education credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
Enter: $20,000 if married filing jointly; $10,000 if single, head of household,
10,000
11
or qualifying widow(er)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If line 10 is:
12
Equal to or more than line 11, enter 1.000 on line 12 . . . . . . . . . . . . . . . . . .
1.000
12
. . . . .
Less than line 11, divide line 10 by line 11. Enter the result as a decimal (rounded to
at least three places)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
Multiply line 7 by line 12. Caution: If you were under age 24 at the end of the year and meet
the conditions on page 4 of the instructions, you cannot take the refundable American opportunity
2,000
13
credit. Skip line 14, enter the amount from line 13 on line 15, and check this box
. . . . . . . .
14
Refundable American opportunity credit. Multiply line 13 by 40% (.40). Enter the amount here and
on Form 1040, line 66, or Form 1040A, line 43. Then go to line 15 below . . . . . . . . . . . . . . . .
800
14
Part IV
Nonrefundable Education Credits
1,200
15
Subtract line 14 from line 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16
Enter the amount from line 6, if any. If you have no entry on line 6, skip lines 17 through 22, and
0
16
enter the amount from line 15 on line 6 of the Credit Limit Worksheet (see instructions)
. . . . . . . .
17
Enter: $122,000 if married filing jointly; $61,000 if single, head of
17
household, or qualifying widow(er)
. . . . . . . . . . . . . . . . . . . . . . .
18
Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If you
are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from
18
Puerto Rico, see Pub. 970 for the amount to enter . . . . . . . . . . . . . . .
19
Subtract line 18 from line 17. If zero or less, skip lines 20 and 21, and enter
19
zero on line 22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
Enter: $20,000 if married filing jointly; $10,000 if single, head of household,
20
or qualifying widow(er)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If line 19 is:
21
Equal to or more than line 20, enter 1.000 on line 21 and go to line 22
a
Less than line 20, divide line 19 by line 20. Enter the result as a decimal (rounded to
t least three
21
places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
22
Multiply line 16 by line 21. Enter here and on line 1 of the Credit Limit Worksheet (see instructions)
23
Nonrefundable education credits. Enter the amount from line 11 of the Credit Limit Worksheet
798
23
(see instructions) here and on Form 1040, line 49, or Form 1040A, line 31
. . . . . . . . . . . . . . .
KIA
8863
Form
(2011)
In cooperation with the participating land-grant universities, this project is supported by USDA-Risk Management Agency.
The information reflects the views of the author(s) and not USDA-RMA. This return was prepared for .

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