Education
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Education

What does SCH 3935 on line 1 mean?

2 Replies
Level 15

Education

If it is on line 1 of your 1040 it is scholarship income. 

Level 15

Education

It means the amount on line includes $3935 of taxable scholarship. 

 

 TurboTax calculated this, based on your input in the education expenses section.  It frequently is no more than the amount that box 5 of the 1098-T exceeds box 1 by. 

Dynamic Ads
v
Privacy Settings