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What does SCH 700 mean on the wages section of the return? Also, how is Other income from Schedule 1, line 9 calculated?
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What does SCH 700 mean on the wages section of the return? Also, how is Other income from Schedule 1, line 9 calculated?
SCH 700
SCH by 1040 line 1 Wages is taxable scholarship income and the amount
See FAQ
https://ttlc.intuit.com/community/college-and-education/help/why-is-my-scholarship-taxable/00/26267
How 1040 line 1 is calculated
https://ttlc.intuit.com/community/income/help/line-1-on-my-1040-doesn-t-match-my-w-2/00/26011
Taxable scholarship is any grant or scholarship amount that exceeds qualified educational expenses (tuition, fees and for undergrads, course materials[books]). Loans are not scholarships and are never taxable.
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What does SCH 700 mean on the wages section of the return? Also, how is Other income from Schedule 1, line 9 calculated?
Schedule 1 line 9 is the total of lines 1-8. You should have Schedule 1 in your tr
https://www.irs.gov/pub/irs-pdf/f1040s1.pdf
Here's an alternate way to print by opening the filed return back up to print at the Print Center, where you can also get the worksheets.
Log in and at the Tax Home or in the section Your Tax Returns & Documents for 2020, look for a link Add a State. Click on Add a State. (you don't really add one. That's just to open your return back up.)
After the return is open, click in the left menu column on TAX TOOLS, then PRINT CENTER.
Then choose Print, save, view this year's return.
The next screen should offer some options: Just my tax returns or include government worksheets (optional), or include government and TurboTax worksheets (optional.)
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