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ece2114
New Member

Should I be paying NYS tax on my 1098-T and additional $12,000 Fellowship? If so, why is it not appearing on my state return?

 
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Accepted Solutions
maglib
Level 10

Should I be paying NYS tax on my 1098-T and additional $12,000 Fellowship? If so, why is it not appearing on my state return?

  • Federal Taxes > Deductions & Credits > Education Expenses > Expenses & Scholarships > Click Yes to enter education expenses > Enter the 1098-T as received where the scholarship monies will be reported.
  • If you paid more for tuition and fees than shown on your 1098-T there is a pulldown box under box 2 to report actual payments (do not include room and board), they are reported further in the interview.

Make sure to complete the whole interview section and at the end there will be "maximize my education credits" button that you must hit.

The amount of your scholarship in excess of tuition and fees would be recorded federally and flow to your NY return unless you specifically allocated the monies out in the NY interview.

If the money is not showing, make sure you go completely through the NY interview about the education section....  It may need your entries.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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4 Replies
maglib
Level 10

Should I be paying NYS tax on my 1098-T and additional $12,000 Fellowship? If so, why is it not appearing on my state return?

was the fellowship reported only on the 1098-T, w-2 or 1099Misc?
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
ece2114
New Member

Should I be paying NYS tax on my 1098-T and additional $12,000 Fellowship? If so, why is it not appearing on my state return?

only on 1098-T
maglib
Level 10

Should I be paying NYS tax on my 1098-T and additional $12,000 Fellowship? If so, why is it not appearing on my state return?

see entry on your federal return which flows to state...
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
maglib
Level 10

Should I be paying NYS tax on my 1098-T and additional $12,000 Fellowship? If so, why is it not appearing on my state return?

  • Federal Taxes > Deductions & Credits > Education Expenses > Expenses & Scholarships > Click Yes to enter education expenses > Enter the 1098-T as received where the scholarship monies will be reported.
  • If you paid more for tuition and fees than shown on your 1098-T there is a pulldown box under box 2 to report actual payments (do not include room and board), they are reported further in the interview.

Make sure to complete the whole interview section and at the end there will be "maximize my education credits" button that you must hit.

The amount of your scholarship in excess of tuition and fees would be recorded federally and flow to your NY return unless you specifically allocated the monies out in the NY interview.

If the money is not showing, make sure you go completely through the NY interview about the education section....  It may need your entries.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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