Form 8863 Education Credits (American Opportunity, Hope, and Lifetime Learning Credits) 2009

• Name(s) shown on return field contains Judy Green
• Your social security number field contains 000-00-7777
• Under Part III: Lifetime Learning Credit.:
• • 5a. Student's name (as shown on page 1 of your tax return)
  • • First name field contains Judy
    • Last name field contains Green
  • 5b. Student's social security number (as shown on page 1 of your tax return) field contains 000-00-7777
  • 5c. Qualified expenses (see instructions). field contains 4,500
  • 6. Add the amounts on line 5, column (c), and enter the total field contains 4,500
  • 7a. Enter the smaller of line 6 or $10,000 field contains 4,500
  • 7c. Subtract line 7b from line 7a.field contains 4,500
  • 8b. Multiply line 7c by 20% (.20)field contains 900
  • 8c. Tentative lifetime learning credit. Add lines 8a and 8b. If you have an entry on line 2, go to Part IV; otherwise, go to Part V field contains 900
• Under Part V: Nonrefundable Education Credits:
• • 18. Add line 4 and line 8c. If you have no entry on these lines, skip lines 19 through 24, and enter the amount from line 17 on line 25 field contains 900
  • 19. Enter: $120,000 if married filing jointly; $60,000 if single, head of household, or qualifying widow(er) field contains 60,000
  • 20. Enter the amount from Form 1040, line 38,* or Form 1040A, line 22 field contains 27,000
  • For note, continue to Footnote.
  • 21. Subtract line 20 from line 19. If zero or less, skip lines 22 and 23, and enter zero on line 24 field contains 33,000
  • 22. Enter: $20,000 if married filing jointly; $10,000 if single, head of household, or qualifying widow(er) field contains 10,000
  • 23. If line 21 is: (bullet) Equal to or more than line 22, enter the amount from line 18 on line 24 and go to line 25; (bullet) Less than line 22, divide line 21 by line 22. Enter the result as a decimal (rounded to at least three places)field is blank
  • 24. Multiply line 18 by line 23 field contains 900
  • 25. Add line 17 and line 24. If zero, stop; you cannot take any nonrefundable education creditfield contains 900
  • 26. Enter the amount from Form 1040, line 46, or Form 1040A, line 28 field contains 2,234
  • 27. Enter the total, if any, of your credits from: (bullet) Form 1040, lines 47, 48, and the amount from Schedule R entered on line 53, (bullet) Form 1040A, lines 29 and 30 field contains 0
  • 28. Subtract line 27 from line 26. If zero or less, stop; you cannot take any nonrefundable education credit field contains 2,234
  • 29. Nonrefundable education credits. Enter the smaller of line 25 or line 28 here and on Form 1040, line 49, or Form 1040A, line 31 field contains 900
  • Footnote: If you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from Puerto Rico, see Pub. 970 for the amount to enter.

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