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New for 2022: taxable scholarship goes on line 8r of Schedule 1, rather than on line 1 of form 1040, with the SCH notation.
New for 2022: taxable scholarship goes on line 8r of Schedule 1, rather than on line 1 of form 1040, with the SCH notation.
Why does entering these values in TurboTax not then adjust my return amount to be less than before I entered the info? I've triple checked I've entered all the values correctly, but my return still shows the same value as before I entered the scholarship information. The return value should drop by a large about if I'm stating my taxable income increases by several thousand dollars.
Don't go by the "refund meter" at the top of the page. Sometimes there's a delay in the calculations. Verify that the amount got to line 8r on Schedule 1 and then to line 8 of form 1040.
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