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jchiem007
New Member

Can you calculate taxable scholarship income with the information provided in the 1098-T? My number in box 5 is higher than the number in box 1. If so, how?

 
1 Reply
KrisD
Intuit Alumni

Can you calculate taxable scholarship income with the information provided in the 1098-T? My number in box 5 is higher than the number in box 1. If so, how?

Yes, if you enter the information from the 1098-T and it results in taxable income, the TurboTax program will calculate the taxable portion for you. 

Type   education expenses   into the search box and click on the "Jump to education expenses" link

Enter the 1098-T

Or

Click Federal on the left side-bar

Deductions & Credits along the top

Scroll down to Education 

Enter the 1098-T

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