My scholarship exceeded the amount of tuition When I file that tax return they would say my income is the $1000 that was left after tuition or what was given originally?

The details of what I'm trying to find out is my mom is filing me as a dependent but my scholarship money given to me by my school last year exceeded the tuition by $1000. So it said I would have to claim that money as income. So when I file my taxes would they say the $1000 is my income or the money that was given to me in scholarship money originally . Because the money I had left over from my scholarships didn't cover the materials and books that I needed my parent had to pay the rest . I have no income other than that and I'm 24 now .

1737

Level 7

May 31, 2019 7:44:59 PM

Grants and /or scholarships are taxable income only to the extent that they exceed qualified educational expenses to include tuition, fees, books, and course related materials.

See Qualified Education Expenses

If your qualified expenses exceeded your grants and scholarships, you have no taxable income.

To enter educational expenses:

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Education
On Expenses and Scholarships (Form 1098-T), click the start or update button

Consider revisiting the above area to ensure all your qualified expenses are entered.

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My scholarship exceeded the amount of tuition When I file that tax return they would say my income is the $1000 that was left after tuition or what was given originally?