Form 8863 - Education Credits (Hope And Lifetime Learning Credits) - 2000 Page 2
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Form 8863 (2000)
Page
● $50,000 or more if single, head
General Instructions
received in the same year in which
of household, or qualifying
the expenses were paid or in the
widow(er).
following year before you file your
Purpose of Form
tax return, reduce your qualified
4. You (or your spouse) were a
Use Form 8863 to figure and claim
expenses by the amount received
nonresident alien for any part of
your education credits. The
and figure your education credits
2000 and the nonresident alien did
education credits are:
using the reduced amount of
not elect to be treated as a resident
● The Hope credit and
qualified expenses. If the refund or
alien.
● The lifetime learning credit.
tax-free assistance is received after
Additional Information
you file your return for the year in
which the expenses were paid, you
Who May Claim the Credits
See Pub. 970, Tax Benefits for
must figure the amount by which
Higher Education, for more
You may be able to claim the credits
your education credits would have
information about these credits.
if you, your spouse, or a dependent
been reduced if the refund or
you claim on your tax return was a
tax-free assistance had been
Rules That Apply to Both
student enrolled at or attending an
received in the year for which you
Credits
eligible educational institution. The
claimed the education credits.
credits are based on the amount of
Include that amount as an additional
What Expenses Qualify?
qualified expenses (see below) paid
tax for the year the refund or
Generally, qualified expenses are
for the student in 2000 for academic
tax-free assistance was received on
amounts paid in 2000 for tuition and
periods beginning in 2000 and the
the tax line of your tax return (line
fees required for the student’s
first 3 months of 2001. However,
40 of the 2000 Form 1040 or line 26
enrollment or attendance at an
qualified expenses do not include
of the 2000 Form 1040A). Enter the
eligible educational institution. It
expenses paid directly or indirectly
amount and “ECR” next to that line.
does not matter whether the
using tax-free educational
Example. Your child began college
expenses were paid in cash, by
assistance (see below).
in the winter of 2000 and you paid
check, by credit card, or with
Note: If a student is claimed as a
$2,250 tuition in December 1999.
borrowed funds.
dependent on another person’s tax
You filed your 1999 return in
Qualified expenses do not include
retur n, only the person who claims
February 2000, and claimed a Hope
the following.
the student as a dependent may
credit of $1,500. After you filed your
● Amounts paid for room and board,
claim the credits for the student’s
return, your child dropped several
qualified expenses. If a student is
insurance, medical expenses
courses and you received a refund
not claimed as a dependent on
(including student health fees),
of $750. You must refigure your
another person’s tax retur n, only the
transportation, or other similar
1999 Hope credit using $1,500 of
student may claim the credits.
personal, living, or family expenses.
qualified expenses instead of
● Fees for course-related books,
Generally, qualified expenses paid
$2,250. The refigured credit is
on behalf of the student by
$1,250. You must include the
supplies, equipment, and
someone other than the student
difference of $250 on line 40 of your
nonacademic activities, unless the
(such as a relative) are treated as
2000 Form 1040 or line 26 of your
fees are required to be paid to the
paid by the student. In addition,
2000 Form 1040A.
institution as a condition of
qualified expenses paid (or treated
enrollment or attendance.
Tax-free educational assistance
as paid) by a student who is claimed
● Amounts paid for any course or
includes a tax-free scholarship or
as a dependent on your tax return
Pell grant or tax-free employer-
other education involving sports,
are treated as paid by you.
provided educational assistance.
games, or hobbies, unless such
Therefore, you are treated as having
course or other education is part of
If a student received a
paid expenses that were paid from
the student’s degree program or (for
tax-free distribution from
your dependent student’s earnings,
the lifetime learning credit only)
an education IRA for 2000,
gifts, inheritances, savings, etc.
helps the student to acquire or
none of that student’s
You cannot claim the education
improve job skills.
expenses may be used to figure any
credits if any of the following apply.
If you or the student take a
2000 education credits. However,
1. You are claimed as a
deduction for higher education
the student may elect to be taxed on
dependent on another person’s tax
expenses, such as on Schedule A or
the distribution and the expenses
return, such as your parent’s return
Schedule C (Form 1040), you
may then be used to figure 2000
(but see the note above).
cannot use those expenses when
education credits. See Form 8606,
2. Your filing status is married
figuring your education credits.
Nondeductible IRAs, for details.
filing separately.
Tax-Free Educational Assistance
Prepaid Expenses
3. Your adjusted gross income
and Refunds of Qualified
Qualified expenses paid in 2000 for
(from Form 1040, line 34, or Form
Expenses
an academic period that begins in
1040A, line 20) is:
You must reduce the total of your
the first 3 months of 2001 can be
● $100,000 or more if married
qualified expenses by any tax-free
used in figuring your 2000 education
filing jointly or
educational assistance and by any
credits. For example, if you pay
refunds of qualified expenses. If the
$2,000 in December 2000 for
refund or tax-free assistance is
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