It is taxable income in the US if the income exceeds educational expenses.
The qualified education expenses are
- Tuition and fees required to enroll at or attend an eligible educational institution; and
- Course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. These items must be required of all students in your course of instruction.
- Housing expenses
If the scholarship is more than your educational expenses, the taxable income would be entered as Other Reportable Income.
- Go to Federal
- Then Wages and Income
- Scroll to Miscellaneous Income
- Then Other Reportable Income
- For Description enter "Taxable Scholarship"
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