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huiyao
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SCH 45 ? what's it

 
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SCH 45 ? what's it

If you are seeing that next to your wages on Line 7 of your tax return, its stands for "Scholarship Income" of $45.  It means that your scholarships and grants exceeded your reported expenses, which results in taxable income.  In your case, taxable income of $45.

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3 Replies

SCH 45 ? what's it

If you are seeing that next to your wages on Line 7 of your tax return, its stands for "Scholarship Income" of $45.  It means that your scholarships and grants exceeded your reported expenses, which results in taxable income.  In your case, taxable income of $45.

huiyao
New Member

SCH 45 ? what's it

Thanks. Anthony. But actually, the scholarships and grants do not exceed the expenses. I put book expense in the software for few dollars.
huiyao
New Member

SCH 45 ? what's it

I got it. Thanks
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