8863 Part III Education Credits (American Opportunity and Lifetime Learning Credits)

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

• Form 8863 is generated when Form 1098-T is added to a tax return.
• Form 8863 Part III must be completed based on information provided by the taxpayer regarding the student.
• Form 8863 Part III determines which education credit (if any) the student is eligible for.

Follow the instructions below to correctly complete 8863 Part III:

1. Navigate to the 8863 Part III using the Attached Forms Tree.

2. Complete question 3.

3. Complete questions 23-26 based on information provided by the taxpayer.

Form 8867 Due Diligence questions are now required by law for Paid Preparers on the American Opportunity Tax Credit (AOTC).  See Form 8867 instructions for details.