Tax from recapture of education credits.
You may owe this tax if you claimed an education credit on your 1998 tax return and, in 1999, you, your spouse if filing jointly, or your dependent received a refund of qualified tuition and related expenses or tax-free educational assistance. See Recapture of credit under No double benefit allowed.

Pending legislation.
Legislation affecting this credit was pending at the time of printing. For guidance, visit the IRS's web site at www.irs.gov or see your tax forms instructions. Publication 553 Highlights of 1999 Tax Changes, will also contain information about this and other tax law changes.

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