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2022 4.8 Satisfied (60 Votes)
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2020 4.3 Satisfied (120 Votes)
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TurboTax Tip: Complete Form 8863 and attach it to your tax return to claim the American Opportunity Credit or the Lifetime Learning Credit.
Attach to Form 1040 or 1040-SR. Go to for instructions and the latest information. Complete a separate Part III on page 2 for each student for whom youre claiming either credit before you complete Parts I and II.
For sole proprietors, net income from your pass-through business appears on Line 31 of the Schedule C that accompanies Form 1040. Personal net income is not explicitly identified on Form 1040, but you can calculate it by subtracting Line 24, Total Tax, from Line 15, Taxable Income.
Taxpayers complete Form 8862 and attach it to their tax return if: Their earned income credit (EIC), child tax credit (CTC)/additional child tax credit (ACTC), credit for other dependents (ODC) or American opportunity credit (AOTC) was reduced or disallowed for any reason other than a math or clerical error.
IRS Form 8863 Instructions This document is usually provided by the school and shows the amount billed or received for the given year. Be mindful that the amount displayed on the Form 1098-T might not be the same number that you claim on your Form 8863.
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People also ask

Where do i find the form 8863 Login to your TurboTax Account. Click Take Me To My Return Click Search in the upper right corner, then type 1098T in the Search Box. When the results populate, click the Jump to Link Click Yes where it asks if you want to enter higher education expenses.