Do I need to claim Scholarships and Grants I received on the 1098-T form as income?

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Do I need to claim Scholarships and Grants I received on the 1098-T form as income?

The part of your scholarship used for tuition and fees, and books and supplies required for your course is not taxable.

However, the excess which is used for room and board is taxable as income.

Please read this TurboTax FAQ for more information:

https://ttlc.intuit.com/replies/3651222

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