Enter the amount from Part III, line 30. If you are claiming the American opportunity credit for more than one student, add the amounts from each student's Part III, line 30, and enter the total for those students on line 1.

Enter your modified adjusted gross income. Generally, your modified adjusted gross income is the amount on your Form 1040, line 38, or Form 1040A, line 22. However, if you are filing Form 2555, Form 2555–EZ, or Form 4563, or are excluding income from Puerto Rico, you must include on line 3 the amount of income you excluded. For details, see Pub. 970.

If you were under age 24 at the end of 2012 and the conditions listed below apply to you, you cannot claim any part of the American opportunity credit as a refundable credit on your tax return. Instead, you can claim your allowed credit, figured in Part II, only as a nonrefundable credit to reduce your tax.

You do not qualify for a refundable American opportunity credit if 1 (a, b, or c), 2, and 3 below apply to you.

If you meet these conditions, check the box next to line 7, skip line 8, and enter the amount from line 7 on line 9. If these conditions do not apply to you, complete line 8.

You can answer the following questions to determine whether you qualify for a refundable American opportunity credit.

Enter the amount from line 9 on line 8 of the Credit Limit Worksheet, later.

Enter the amount from Part III, line 31. If you are claiming the lifetime learning credit for more than one student, add the amounts from each student's Part III, line 31, and enter the total for all those students on line 1.

Generally, your modified adjusted gross income is the amount on your Form 1040, line 38, or Form 1040A, line 22. However, if you are filing Form 2555, Form 2555–EZ, or Form 4563, or are excluding income from Puerto Rico, you must include on line 3 the amount of income you excluded. For details, see Pub. 970.

Enter the amount from line 18 on line 1 of the Credit Limit Worksheet, later.

Enter the amount from line 13 of the Credit Limit Worksheet here and on Form 1040, line 49, or Form 1040A, line 31.

Enter the student's name as shown on page 1 of your tax return.

Enter the student's taxpayer identification number as shown on page 1 of your tax return.

If the student attended only one educational institution, enter the information about the institution and answer the questions about Form 1098-T in column (a). If the student attended a second educational institution, enter the information and answers for the second educational institution in column (b). If the student attended more than 2 educational institutions, attach an additional page 2 completed only through line 22.

If the American opportunity credit has been claimed for this student for 4 prior tax years (including any year for which the Hope scholarship credit was claimed for the student), the American opportunity credit cannot be claimed for this student for 2012. Check “Yes” and go to line 31.

If the American opportunity and Hope scholarship credits have been claimed for this student for 3 or fewer prior tax years, check “No.” See Student qualifications, earlier.

Check “Yes” if the student enrolled at least half-time for at least one academic period that began (or is treated as having begun) in 2012 at an eligible educational institution in a program leading towards a postsecondary degree, certificate, or other recognized postsecondary educational credential. Otherwise, check “No.”

If any qualified education expenses for the student were paid in 2012 for an academic period beginning in the first 3 months of 2013, treat that academic period as if it began in 2012. See Student qualifications and Prepaid Expenses, earlier.

If you checked “Yes” go to line 25. If you checked “No” the student is not eligible for the American opportunity credit, skip lines 25 through 30 and go to line 31.

Check “Yes” if the student completed the first 4 years of postsecondary education before 2012. Otherwise, check “No.”

If you checked “No,” go to line 26. If you checked “Yes,” the student is not eligible for the American opportunity credit; skip lines 26 through 30 and go to line 31.

Check “Yes” if the student was convicted, before the end of 2012, of a federal or state felony for possession or distribution of a controlled substance.

If you checked “No,” complete either lines 27 through 30 or line 31 for this student. If you checked “Yes,” the student is not eligible for the American opportunity credit; skip lines 26 through 30 and go to line 31.

Enter the student's adjusted qualified education expenses for line 27. See Qualified Education Expenses, earlier. Use the Adjusted Qualified Education Expenses Worksheet, later, to figure each student's adjusted qualified education expenses. Do not enter more than $4,000. Enter the total of all amounts from all Parts III, line 30, on Part I, line 1.

Enter the student's adjusted qualified education expenses for line 31. See Qualified Education Expenses, earlier. Use the Adjusted Qualified Education Expenses Worksheet, next, to figure each student's adjusted qualified education expenses. Enter the total of all amounts from Part III, line 31, on Part II, line 10.