Scholarship question

[elatkr36]

Hello,

I am in graduate school and received a scholarship in 2021, which I used for educational expenses. Do I need to report this scholarship on my 2021 tax return?

If so, in which section of my Turbo Tax tax return should I report the scholarship?

[LoganathanB]

No, you do not have to report the scholarship if you have used it for educational expenses.

If the school considers part of your scholarship as taxable income, you should receive a W-2 from the scholarship’s provider showing the taxable portion in box 1.

Then you will report it in your tax return.

Click on the link for more information

Taxable Scholarship

[Hal_Al]

No. Scholarships that covered qualified educational expenses (tuition, fees, and course materials) are tax free and are not reported on your tax return.