Form 8863 Education Credits (American Opportunity and Lifetime Learning Credits) 2010

Summary: This is an example of Form 8863 (2010) as pertains to the description in the text. The line items completed are:

Name(s) shown on return field contains Bill Pass
Your social security number field contains 000-00-1234
Under Part I: American opportunity Credit.:
- 1a. Student's name (as shown on page 1 of your tax return)
- - First name field contains Bill
  - Last name field contains Pass
- 1b. Student's social security number (as shown on page 1 of your tax return) field contains 000-00-1234
- 1c. Qualified expenses (see instructions). Do not enter more than $4,000 for each student. field contains 4,000
- For note, continue to Footnote 1.
- 1d. Subtract $2,000 from the amount in column (c). If zero or less, enter -0- field contains 2,000
- 1e. Multiply the amount in column (d) by 25% (.25) field contains 500
- 1f. If column (d) is zero, enter the amount from column (c). Otherwise, add $2,000 to the amount in column (e). field contains 2,500
- 2. Tentative American opportunity credit. Add the amounts on line 1, column (f). If you are taking the lifetime learning credit for a different student, go to Part II; otherwise, go to Part III field contains 2,500