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Get your taxes done using TurboTax
Scholarships income is reported under Education expenses.
- Click on Federal
- Click on Deductions & Credits.
- Scroll down to Education. Click Show more.
- Select Start / Revisit to the right of Expenses and Scholarships.
- Under Your Education Expenses Summary, click Edit/Add.
- You may have to cycle through several questions about the student, the school and the student's IRS form 1098-T.
- You will arrive at the screen Scholarships and Financial aid. Click Continue.
- At the screen Did you Receive a Scholarship or Grant in 2022?, select Yes.
- There will be several other questions about your educational expenses.
The entry will be reported:
- on line 8r of Schedule 1 of the Federal 1040 tax return, and
- on line 8 of the Federal 1040 tax return.
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March 30, 2023
5:26 AM