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Credit Limit Worksheet Complete the credit limit worksheet to figure your nonrefundable education credit. 1. Enter the amount from Form 8863, line 18 . . 1. 2. Enter the amount from Form 8863, line 9 . . 2. 3. Add lines 1 and 2 . . . . . . . . . . . . . . . . . . 3. 4. Enter the amount from: Form 1040, line 46; or Form 1040A, line 28 . . . . . . . . . . . . . . . . 4. 5. Enter the amount from either: Form 1040, lines 47 and 48, and the amount from Schedule R included on Form 1040, line 53; or Form 1040A, lines 29 and 30 . . . . . . . . . . 5. 6. Subtract line 5 from line 4 . . . . . . . . . . . . . 6. 7. Enter the smaller of line 3 or line 6 here and on Form 8863, line 19 . . . . . . . . . . . . . . . . . 7. You must complete Part III for each student for whom you are claiming either the American opportunity credit or lifetime learning credit before you complete either Part I or Part II. Use additional copies of Page 2 as needed for each student. Part III — Student and Educational Institution Information Line 20 Enter the student's name as shown on page 1 of your tax return. Line 21 Enter the student's taxpayer identification number as shown on page 1 of your tax return. Line 22 If the student attended only one educational institution, enter the information about the institution and answer the questions about Form 1098-T in column (a). If the student attended a second educational institution, enter the information and answers for the second educational institution in column (b). If the student attended more than 2 educational institutions, attach an additional page 2 completed only through line 22. If the educational institution has a foreign address, enter the foreign address here and do not abbreviate the country name. Follow the country's practice for entering the postal code and name of the province, country or state. Line 23 If the American opportunity credit has been claimed for this student for any 4 tax years before 2013 (including any year for which the Hope scholarship credit was claimed for the student), the American opportunity credit cannot be claimed for this student for 2013. Check “Yes” and go to line 31. If the American opportunity and Hope scholarship credits have been claimed for this student for 3 or fewer prior tax years, check “No.” See Student qualifications, earlier. Line 24 Check “Yes” if the student enrolled at least half-time for at least one academic period that began (or is treated as having begun) in 2013 at an eligible educational institution in a program leading towards a postsecondary degree, certificate, or other recognized postsecondary educational credential. Otherwise, check “No.” CAUTION ! If any qualified education expenses for the student were paid in 2013 for an academic period beginning in the first 3 months of 2014, treat that academic period as if it began in 2013. See Student qualifications and Prepaid Expenses, earlier. If you checked “Yes” go to line 25. If you checked “No” the student is not eligible for the American opportunity credit, skip lines 25 through 30 and go to line 31. Line 25 Check “Yes” if the student completed the first 4 years of postsecondary education before 2013. Otherwise, check “No.” If you checked “No,” go to line 26. If you checked “Yes,” the student is not eligible for the American opportunity credit; skip lines 26 through 30 and go to line 31. Line 26 Check “Yes” if the student was convicted, before the end of 2013, of a federal or state felony for possession or distribution of a controlled substance. If you checked “No,” complete either lines 27 through 30 or line 31 for this student. If you checked “Yes,” the student is not eligible for the American opportunity credit; skip lines 26 through 30 and go to line 31. You cannot take the American opportunity credit and the lifetime learning credit for the same student in the same year. If you complete lines 27 through 30 for this student, do not complete line 31. American Opportunity Credit Line 27 Enter the student's adjusted qualified education expenses for line 27. See Qualified Education Expenses, earlier. Use the Adjusted Qualified Education Expenses Worksheet, later, to figure each student's adjusted qualified education expenses. Do not enter more than $4,000. Enter the total of all amounts from all Parts III, line 30, on Part I, line 1. Lifetime Learning Credit Line 31 Enter the student's adjusted qualified education expenses for line 31. See Qualified Education Expenses, earlier. Use the Adjusted Qualified Education Expenses Worksheet, next, to figure each student's adjusted qualified education expenses. Enter the total of all amounts from Part III, line 31, on Part II, line 10. TIP -6- Instructions for Form 8863 (2013)