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My son received a pell grant for college but hasn't received a 1099misc

How do I report this
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1 Reply
Hal_Al
Level 15

My son received a pell grant for college but hasn't received a 1099misc

Pell grants and other scholarships are not reported on  form 1099-Misc. Most scholarships are reported by the school, in box 5, of form 1098-T. 

If you have scholarships, in addition to what's in box 5, you enter them from your own records.

In TurboTax (TT), enter at:

Federal Taxes Tab 

Deductions & Credits (not in the income section)

-Scroll down to:

--Education

  --Education Expenses

After entering the 1098-T (if you got one), the TT interview will ask if you received other grants and scholarships. Any portion of the grants that are taxable will be placed on line 7 of form 1040 or 1040A (line 1 of form 1040EZ) with the notation 'SCH'.

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