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Asked by: flash
falsi fiable on May 08, 2013
Get yourself a copy of TurboTax to help you complete that form. The questions are written at an 8th-grade level.
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Go AZ on May 08, 2013
IRS 8863 instruction file:
Bobbie on May 08, 2013
What is wrong with the instruction for the 8863 form. Go to the http://www.irs.gov website and use the search box for Instructions for Form 8863 (2012) Education Credits (American Opportunity and Lifetime Learning Credits)
Who can claim a dependent’s expenses.
If a student is claimed as a dependent on another person’s tax return, all qualified education expenses of the student are treated as having been paid by that person. Therefore, only that person can claim an education credit for the student. If a student is not claimed as a dependent on another person’s tax return, only the student can claim a credit.
Expenses paid by a third party. Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student. However, qualified education expenses paid (or treated as paid) by a student who is claimed as a dependent on your tax return are treated as paid by you. Therefore, you are treated as having paid expenses that were paid by the third party. For more information and an example, see Who Can Claim a Dependent’s Expenses in Pub. 970, chapter 2 or 3.
Who cannot claim a credit. You cannot take an education credit if any of the following apply.
1. You are claimed as a dependent on another person’s tax return, such as your parent’s return.
Part I — Refundable American Opportunity Credit
Part II — Nonrefundable Education Credits
Hope that you find the above enclosed information useful. 05/07/2013
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