Tax Questions: Forms 8917 & 8863

Parent Cafe
1

<p>Would appreciate it if anybody has the answers to these questions:</p>

<ol>
<li><p>The credit or deduction from these forms can be used for high schoolers taking college classes that do not count towards their high school graduation, right?</p></li>
<li><p>How about if they enroll in a college class and then drop it? Can we still deduct or get credit for the tuition and fees that were spent (and not refunded) on a dropped class?</p></li>
</ol>

<p>Thanks.</p>

2

<p>Yes and yes.</p>

3

<p>Form 8863</p>

<p>A high school student taking college classes would likely not qualify for the American Opportunity Credit, but would qualify for the Lifetime Learning Credit. Read the instructions for the form carefully.</p>

<p><a href=“http://www.irs.gov/pub/irs-pdf/i8863.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/i8863.pdf&lt;/a&gt;&lt;/p&gt;