Solved: For Receive Scholarship in '16 question, should I include scholarship $ used to pay Spring 2017 tuition that was rec'd & posted to the student's college a/c in Jan. 2017?
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For Receive Scholarship in '16 question, should I include scholarship $ used to pay Spring 2017 tuition that was rec'd & posted to the student's college a/c in Jan. 2017?

Our child was a freshman in college during the 2016-2017 school year.  The 2016 1098-T shows scholarship amount of $1,700 in box 5 which was paid in 2016 for the Fall 2016 semester.  The Spring 2017 semester bill includes credits for $1,700 in scholarships for that semester.  The Spring 2017 semester started in January 2017.  If the $1,700 in scholarships were paid and posted to the student's college account in January 2017, is this considered a scholarship received in 2016 and used for 2016 tuition?  Should that amount be included on the screen that asks "Did (name) receive a scholarship or grant in 2016?" in the "other scholarship/fellowship/grants" box OR should the $1,700 in scholarships used for the Spring 2017 go on our 2017 tax return?

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Level 15

For Receive Scholarship in '16 question, should I include scholarship $ used to pay Spring 2017 tuition that was rec'd & posted to the student's college a/c in Jan. 2017?

The $1,700 in scholarships used for the Spring 2017 should NOT be reported  on your 2016 tax return. That is, it should be accounted for next year.

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Level 15

For Receive Scholarship in '16 question, should I include scholarship $ used to pay Spring 2017 tuition that was rec'd & posted to the student's college a/c in Jan. 2017?

The $1,700 in scholarships used for the Spring 2017 should NOT be reported  on your 2016 tax return. That is, it should be accounted for next year.

View solution in original post

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