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

• Name(s) shown on return field contains Jim Grant
• Your social security number field contains 000-00-4321
• Under Part II: Hope Credit.:
• • 3a. Student's name (as shown on page 1 of your tax return)
  • • First name field contains Jim
    • Last name field contains Grant
  • 3b. Student's social security number (as shown on page 1 of your tax return) field contains 000-00-4321
  • 3c. Qualified expenses (see instructions). Do not enter more than $2,400* for each student. field contains 4,800
  • For note, continue to Footnote 1.
  • 3d. Enter the smaller of the amount in column (c) or $1,200** field contains 2,400
  • For note, continue to Footnote 2.
  • 3e. Add column (c) and column (d) field contains 7,200
  • 3f. Enter one-half of the amount in column (e) field contains 3,600
  • Footnote 1: For each student who attended an eligible educational institution in a Midwestern disaster area, do not enter more than $4,800.
  • Footnote 2: For each student who attended an eligible educational institution in a Midwestern disaster area, enter the smaller of the amount in column (c) or $2,400.
  • 4. Tentative Hope credit. Add the amounts on line 3, column (f). If you are taking the lifetime learning credit for a different student, go to Part III; otherwise, go to Part V field contains 3,600
• • 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 25field contains 3,600
  • 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 22field contains 37,000
  • For note, continue to Footnote 3.
  • 21. Subtract line 20 from line 19. If zero or less, skip lines 22 and 23, and enter zero on line 24field contains 23,000
  • 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 23field contains 3,600
  • 25. Add line 17 and line 24. If zero, stop; you cannot take any nonrefundable education creditfield contains 3,600
  • 26. Enter the amount from Form 1040, line 46, or Form 1040A, line 28field contains 3,734
  • 27. Enter the total, if any, of your credits from: (bullet) Form 1040, line 47, 48, and the amount from Schedule R entered on line 53, (bullet) Form 1040A, lines 29 and 30field contains -0-
  • 28. Subtract line 27 from line 26. If zero or less, stop; you cannot take any nonrefundable education creditfield contains 3,734
  • 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 3,600
  • Footnote 3: 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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