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Is scholarship money received for room and board taxable when received as payment for being a resident advisor required to live in the dorms?

 
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2 Replies
Vanessa A
Expert Alumni

Is scholarship money received for room and board taxable when received as payment for being a resident advisor required to live in the dorms?

Yes.  Scholarship money is taxable income when used for room and board.  

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Hal_Al
Level 15

Is scholarship money received for room and board taxable when received as payment for being a resident advisor required to live in the dorms?

Q. Is scholarship money received for room and board taxable when received as payment for being a resident advisor required to live in the dorms?

A.  Generally, yes, because room and board (R&B)are not qualified expenses for a scholarship to be tax free.   

But it depends on how the scholarship is reported to the student, on the 1098-T, on a W-2, or 1099-Misc or no document at all. Most importantly,  it depends on whether the scholarship is "restricted". That is it must be used for R&B.  A dorm advisor is most likely so restricted. 

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