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Kentucky Free Printable  for 2021 Kentucky Kentucky Education Tuition Tax Credit - Form 42A740-S24

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Kentucky Education Tuition Tax Credit - Form 42A740-S24
Form 8863-K

FORM 8863-K KENTUCKY EDUCATION TUITION TAX CREDIT 2019   Enclose with Form 740 or Form 740-NP Commonwealth of Kentucky Department of Revenue Enter name(s) as shown on Form 740 or Form 740-NP, page 1. Your Social Security Number Caution: You cannot take the 2019 Kentucky Education Tuition Tax Credit if you are not eligible for the Federal Education Credits. You must attach the federal Form 8863. Carryforward Information: If you have an unused credit from prior year(s), complete Part V to determine your carry-forward amount. You must have completed Form 8863-K in prior years to claim any allowable unused credit carryforward. PART I—Qualifications Yes • Are all expenses claimed on this form for an eligible educational institution No located within the Commonwealth of Kentucky (Kentucky institution)?.................................................. • Are all of the expenses claimed on this form for undergraduate studies?............................................... • Is your Kentucky filing status single; married filing separately on a combined return; or married filing a joint return?.................................................................................................................... If you answered “No” to any of these questions above, STOP, you do not qualify for this credit. If you answered “Yes” to all questions above, go to Part II. PART II—American Opportunity Credit (List only expenses for undergraduate studies from Kentucky institutions)  1 a Student Name SSN (c) Qualified Expenses (see instructions). Do not enter more than $4,000 for each student. (d) Subtract $2,000 from column (c); if zero or less enter -0- (e) Multiply column (d) by 25% (.25)  .00  .00  .00 (f) If column (d) is zero enter the amount from column (c); otherwise, add $2,000 to column (e) and enter result  .00 b  Institution Name and Address a Student Name SSN (c) Qualified Expenses (see instructions). Do not enter more than $4,000 for each student. (d) Subtract $2,000 from column (c); if zero or less enter -0- (e) Multiply column (d) by 25% (.25)  .00  .00  .00 b  Institution Name and Address   2   3  4 Add the amounts on line 1, column (f)................................................................................................. 2 Enter the decimal amount from line 6 of the federal Form 8863. If this line is blank, enter -0- and go to line 4; you cannot take any American Opportunity Credit........................................................ 3 Tentative American Opportunity Credit. Multiply line 2 by line 3 and enter here (Note: The result on line 4 cannot exceed the amount of the federal Form 8863, line 7). If you are taking the Lifetime Learning Credit for another student, complete Part III; otherwise, enter amount from line 4 on line 11.............................................................................................................................. 4 190026 42A740-S24 (10-19) (f) If column (d) is zero enter the amount from column (c); otherwise, add $2,000 to column (e) and enter result  .00  00 •  00 Page 1 of 3 Page 2 of 3 FORM 8863-K (2019) PART III—Lifetime Learning Credit (List only expenses for undergraduate studies from Kentucky institutions)  5 (a) Student Name (b) Student SSN (d) Qualified Expenses (See instructions) (c) Name and Address of Kentucky Institution  .00  .00   6 Add the amounts on line 5, column (d) and enter total here.............................................................. 6 00   7 Enter the smaller of line 6 or $10,000................................................................................................... 7 00   8 Multiply line 7 by 20% (.20) and enter here.......................................................................................... 8 00   9 Enter the decimal amount from line 17 of the federal Form 8863. If this line is blank, enter -0 and go to line 10; you cannot take any Lifetime Learning Credit....................................................... 9 • 10 Tentative Lifetime Learning Credit. Multiply line 8 by line 9 and enter here (Note: The result on line 10 cannot exceed the amount of the federal Form 8863, line 18) ........................................ 10 00 11 Total Tentative Kentucky Education Tuition Tax Credits. Add lines 4 and 10. .................................... 11 00 PART IV—Allowable Education Credits 12 Multiply the amount on line 11 by 25% (.25) and enter total here.................................................... 12 00 13 Enter tentative tax from Form 740 or Form 740-NP, line 22............................................................... 13 00 14 Enter amount from Part V, line 34. If Part V, line 34 is blank, enter -0-............................................... 14 00 15 Subtract line 14 from line 13................................................................................................................. 15 00 16 Enter the smaller of line 15 or line 12.................................................................................................. 16 00 17 Add lines 14 and 16. Enter here and on Form 740 or Form 740-NP, line 23. This is your allowable 2019 Kentucky Education Tuition Tax Credit.................................................. 17 00 18 If line 15 is smaller than line 12, subtract line 15 from line 12. This is the amount of unused credit carryforward from 2019 to 2020. Enter here and on the 2019 Carryforward Worksheet, Line E, provided below..................................................................................................... 18 190045 42A740-S24 (10-19) 00 Page 3 of 3 FORM 8863-K (2019) PART V—Credit Carryforward from Prior Years 19 Enter tentative tax from Form 740 or Form 740-NP, page 1, line 22.................................................. 19 00 20 Enter your credit carryforward from 2014........................................................................................... 20 00 21 Enter your credit carryforward from 2015........................................................................................... 21 00 22 Enter your credit carryforward from 2016........................................................................................... 22 00 23 Enter your credit carryforward from 2017........................................................................................... 23 00 24 Enter your credit carryforward from 2018........................................................................................... 24 00 25 Add lines 20 through 24 and enter total here..................................................................................... 25 00 26 Subtract line 20 from line 19. If zero or less, enter -0-........................................................................ 26 00 27 Enter 2015 credit carryforward to 2020. Subtract line 26 from line 21. If zero or less, enter -0-...... 27 00 28 Subtract line 21 from line 26. If zero or less, enter -0-........................................................................ 28 00 29 Enter 2016 credit carryforward to 2020. Subtract line 28 from line 22. If zero or less, enter -0-...... 29 00 30 Subtract line 22 from line 28. If zero or less, enter -0-........................................................................ 30 00 31 Enter 2017 credit carryforward to 2020. Subtract line 30 from line 23. If zero or less, enter -0-...... 31 00 32 Subtract line 23 from line 30. If zero or less, enter -0-........................................................................ 32 00 33 Enter 2018 credit carryforward to 2020. Subtract line 32 from line 24. If zero or less, enter -0-...... 00 33 34 Enter the smaller of line 19 or line 25.................................................................................................. 34 2019 Carryforward Worksheet A B C D E From Part V, Line 27, 2015 to 2020 From Part V, Line 29, 2016 to 2020 From Part V, Line 31, 2017 to 2020 From Part V, Line 33, 2018 to 2020 From Part IV, Line 18, 2019 to 2020  .00 _____________  .00 _____________  .00 _____________  .00 _____________  .00 _____________ If you have a carryforward of credit, maintain a copy of this worksheet or Form 8863-K for your records.This information will be needed to prepare future returns. 190203 42A740-S24 (10-19) 00
Extracted from PDF file 2019-kentucky-form-8863-k.pdf, last modified October 2019

More about the Kentucky Form 8863-K Corporate Income Tax Tax Credit

We last updated the Kentucky Education Tuition Tax Credit - Form 42A740-S24 in March 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Kentucky Department of Revenue. You can print other Kentucky tax forms here.

Other Kentucky Corporate Income Tax Forms:

TaxFormFinder has an additional 129 Kentucky income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form PTE Instructions Kentucky Pass-Through Entity Income and LLET Return - Instructions
Form 725 Kentucky Single Member LLC Individually Owned & LLET Return
Form 720-ES Kentucky Estimated Tax Voucher - Corporation Income/Limited Liability Entity Tax - Form 41A720ES
Form PTE Kentucky Pass-Through Entity Income and LLET Return
Form 720S Kentucky S Corporation Income Tax and LLET Return

Download all KY tax forms View all 130 Kentucky Income Tax Forms


Form Sources:

Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky Form 8863-K from the Department of Revenue in March 2020.

Show Sources >

Form 8863-K is a Kentucky Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Kentucky Form 8863-K

We have a total of seven past-year versions of Form 8863-K in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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