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.

posted

Connect with an expert

3 Replies

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.

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.

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.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

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?

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?

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?

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?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

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?

Do you have an Intuit account?

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?

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?

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?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert