What if I reported my stipend in the education section of turbo tax? I cannot find it to edit it but the amount shows up in the federal review as taxable income.

[HelenC12 · Accepted solution]

You may not need to edit it. If you entered it in the education section, it's important to note that any amount awarded in excess of qualified education expenses will be considered taxable income. 

• For example, a student awarded a $4,000 scholarship who had $3,000 in qualified education expenses would have $1,000 added to the "Wages, salaries, tips" line of their tax return. 

In addition, you can't claim education credits or deduct expenses that were paid with these tax-free funds.

Here's more info:

• How to report FAFSA money on your tax return
• Claiming Pell grant money 

Related Information:

• Why is my scholarship taxable?
• Where do I enter a scholarship, fellowship, grant, or other financial aid I received?

[wrj612]

What if I want to edit where I put my stipend to move it to less common income misc.?

How do I find the stipend in the education section of turbo tax?

[Hal_Al]

Go through the entire education interview until you reach a screen titled "Your Education Expenses Summary".  Click delete next to the student's name.  

That should  delete all the pervious entries about the stipend.