1654101
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

SCH 1150 on my line 1 form 1040

Could somebody explain me what is the meaning of SCH 1150 on line # 1 in my form 1040 next to my wages, salaries....? 

Please, I need help to understand it.

 

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

SCH 1150 on my line 1 form 1040

$1150 of a school scholarship is taxable. Did you enter a 1098-T or otherwise enter scholarship income. The amount of scholarship that exceeds qualified education expenses such as tuition and fees is taxable. 

View solution in original post

4 Replies

SCH 1150 on my line 1 form 1040

$1150 of a school scholarship is taxable. Did you enter a 1098-T or otherwise enter scholarship income. The amount of scholarship that exceeds qualified education expenses such as tuition and fees is taxable. 

SCH 1150 on my line 1 form 1040

Thank you Roger. I have another question. I filed my taxes on Feb 29, 2020 but it still is been processed by the IRS 

I know IRS has 180 days to review a filing but I have not received any letter or notice from them. I filed following indications of turbo tax with all my forms 1098 t w 2and I do know why they have not finished and my wife and I have not received the stimulus check. 

Do you have some news about delays or situations?

SCH 1150 on my line 1 form 1040

The IRS is way behind processing returns and hasn't indicated when they will catch up. Since it has been so long, you might try getting help from the Taxpayer Advocate Service: https://www.irs.gov/taxpayer-advocate

 

Waiting and not knowing the status of your tax return and refund can be frustrating.
Unfortunately TurboTax gets no information about the status of your refund.
In normal times, the IRS says that most filers get their refunds within 21 days from the time their tax return is accepted.
Many returns are taking longer now since the IRS did not process returns for a while and there is now a big backlog of unprocessed returns.
To protect the public and employees, and in compliance with orders of local health authorities around the country, certain IRS services
such as live assistance on telephones, processing paper tax returns and responding to correspondence are extremely limited or suspended until further notice. 
They are now taking phone calls with a limited staff but it's hard to get through.

If you efiled your return, have you confirmed that the return was submitted by TurboTax and accepted by the IRS?
https://shop.turbotax.intuit.com/efile/efile_status_lookup.jsp

If accepted, what does the IRS tracking web site say about the status of your refund?
https://www.irs.gov/refunds

If you mailed your return, you must print and mail it yourself. TurboTax does not mail it for you. You will not be able to start tracking your return until the IRS starts processing it.

Here is an IRS Q&A with information about refunds:
https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

See this info about the current status of IRS operations:
https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continue

 

SCH 1150 on my line 1 form 1040

Thank you

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question