Student Worksheet Part VI line 20 deducts scholarship received in line 15 from expenses paid in line 1, which is already net of scholarships. What have we done wrong?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Student Worksheet Part VI line 20 deducts scholarship received in line 15 from expenses paid in line 1, which is already net of scholarships. What have we done wrong?

It appears that turbo tax is reducing the amount we paid by the amount the institutions offered in scholarships.

3 Replies
New Member

Student Worksheet Part VI line 20 deducts scholarship received in line 15 from expenses paid in line 1, which is already net of scholarships. What have we done wrong?

Look at the amounts in Box 1 and 5 on your 1098-T.  The box 1 amount is before the deduction of scholarships received. 

New Member

Student Worksheet Part VI line 20 deducts scholarship received in line 15 from expenses paid in line 1, which is already net of scholarships. What have we done wrong?

The box 1 amount IS the amount I paid to the institution.  It was after Scholarships.
New Member

Student Worksheet Part VI line 20 deducts scholarship received in line 15 from expenses paid in line 1, which is already net of scholarships. What have we done wrong?

For an example, Box 1 show $5,000 - the amount I paid out of pocket, Box 2 is blank, box 5 shows $3,000.  Part VI say my adjusted expenses are $2,000 when I am out of pocket $5,000.
Dynamic Ads
v
Privacy Settings