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posted Jun 4, 2019 12:42:24 PM

Got 1098T. Scholarship amount greater than payments amount (Box 5 minus Box 1). The difference is taxable income as we understand it. Is there an amount which you do not have to file? Currently, taxab

Currently, taxable income is $5900. Does my son need to file a 1040?

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1 Best answer
Level 15
Jun 4, 2019 12:42:25 PM

If the $5900 is his total earned income including the scholarship taxable income he does not have to file.

1 Replies
Level 15
Jun 4, 2019 12:42:25 PM

If the $5900 is his total earned income including the scholarship taxable income he does not have to file.