turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I think i entered post secondary school 1098-t info incorrectly. I dont think the grant/scholarship shpuld be taxable. I also have to adjust his expenses for books

 
1 Reply
Coleen3
Intuit Alumni

I think i entered post secondary school 1098-t info incorrectly. I dont think the grant/scholarship shpuld be taxable. I also have to adjust his expenses for books

You can just go back and recheck your answers and input new information. 

Your scholarship may or may not be taxable. Generally speaking, a scholarship or fellowship is tax free if you are a degree candidate and the award is used to pay for tuition and required fees, books, supplies and equipment, however there are some scholarship and fellowship opportunities that are not tax exempt. Any amounts used to pay for room and board and a stipend for living expenses is taxable. There are also a variety of coordination restrictions that are intended to ensure that you don't double-dip when taking advantage of the Education Tax Benefits.

Relevant IRS Publication: 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v