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Can I file an amendment for school even tho my grants was a lil more

 
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8 Replies

Can I file an amendment for school even tho my grants was a lil more

How do I report the grants this was for 2015 and 2016

MinhT
Expert Alumni

Can I file an amendment for school even tho my grants was a lil more

You only report the grants if they exceed your education expenses (including room and board). The excess grants are taxable and you may have extra tax to pay.
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Can I file an amendment for school even tho my grants was a lil more

They exceeded my tuition so wat does that mean
MinhT
Expert Alumni

Can I file an amendment for school even tho my grants was a lil more

The excess is taxable.
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MinhT
Expert Alumni

Can I file an amendment for school even tho my grants was a lil more

If your grants are more than your education expenses, the excess is taxable as scholarships and you should amend your tax return to report the excess of grants.

Please see the following TurboTax FAQ for instructions on how to amend your tax return in TurboTax.

https://ttlc.intuit.com/replies/3288565


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Can I file an amendment for school even tho my grants was a lil more

So would I have to purchase a different turbo tax package instead of the free one if so which one and how much

MinhT
Expert Alumni

Can I file an amendment for school even tho my grants was a lil more

You do not need to upgrade to report the grants.
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Can I file an amendment for school even tho my grants was a lil more

So do I get money back from my grants say they Grant's are 5,309 would I get money back from those
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