Publication 970 |
2000 Tax Year |
When Must Credit Be Repaid?
If, after you file your 2000 tax return, you receive tax-free
educational assistance for, or a refund of, an expense you used to
figure a lifetime learning credit on that return, you may have to
recapture all or part of the credit. You must refigure your lifetime
learning credit for 2000 as if the assistance or refund was received
in 2000. Subtract the amount of the refigured credit from the amount
of the credit you claimed. See the instructions for your 2001 tax
return for information about how and where to report the recapture.
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