Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
huiyao
New Member

SCH 45 ? what's it

 
1 Best answer

Accepted Solutions
AnthonyC
Level 7

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.

View solution in original post

3 Replies
AnthonyC
Level 7

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.

View solution in original post

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
Dynamic AdsDynamic Ads
Privacy Settings
v