turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

arlaverde
New Member

When answering the questions I chose to tax scholarship money used for nonqualifying tuition at the parental rate. How do I change this answer?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
KrisD15
Employee Tax Expert

When answering the questions I chose to tax scholarship money used for nonqualifying tuition at the parental rate. How do I change this answer?

Scholarship income is taxed as earned income, so that question should not have come up.

You can see if form 8615 was generated and delete it if it was:

Sign into your account and go into the return

Open the “Tax Tools” drop-down on the left side bar

Click on “Tools” on that drop-down

Click Delete a form (the third one down) on the “Tools Center” screen

Scroll down and click “Delete” next to Form 8615

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

When answering the questions I chose to tax scholarship money used for nonqualifying tuition at the parental rate. How do I change this answer?

"Scholarship income is taxed as earned income"  is not  quite correct. For purposes of the "kiddie tax" (form 8615) , it is unearned income.  So, you will get the choice of trust rates or parental rates.  But, for purposes of calculating the standard deduction, scholarship income  IS treated as earned income. The effect being that scholarship income is not taxed unless you have over $12,200 of earned income/scholarship.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question