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- Click ‘Get Form’ to open it in the editor.
- Begin by entering your EIN and the name shown on your return in the designated fields. This information is crucial for identifying your tax records.
- In Line 1, list all contributions for which you are claiming a credit. Use the appropriate code from the provided table to describe each recipient in Column C.
- For Line 2, calculate and enter the total of contributions listed in Column D (non-charitable) and Column E (charitable).
- On Line 3, sum the totals from Line 2, Columns D and E. This total will be used to determine your potential credit.
- Proceed to Line 4 and enter the lesser of Line 3 or $9,800,000. This amount represents contributions eligible for generating an education credit.
- Complete Lines 5 through 9 as instructed, ensuring you accurately calculate your tentative credit based on previous entries.
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