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posted Jun 6, 2019 12:10:59 AM

There are no reported grants in box 5 of my 1098-T for college. Do I still include the Pell Grant money from my financial aid letter from the college? Thanks!

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1 Best answer
Level 2
Jun 6, 2019 12:11:01 AM

A Pell grant does not need to be reported on your tax return, if  you are enrolled in a program as a degree candidate, or you must be pursuing a training program that prepares you for specific types of employment upon completion, and you must use the Pell grant only to pay for “qualified education expenses.”

Please see our TurboTax FAQ Do I have a taxable Pell grant? for more information on "qualified education expenses."

1 Replies
Level 2
Jun 6, 2019 12:11:01 AM

A Pell grant does not need to be reported on your tax return, if  you are enrolled in a program as a degree candidate, or you must be pursuing a training program that prepares you for specific types of employment upon completion, and you must use the Pell grant only to pay for “qualified education expenses.”

Please see our TurboTax FAQ Do I have a taxable Pell grant? for more information on "qualified education expenses."