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Get your taxes done using TurboTax
You can enter the amount in the Education Section.
It will be reported as scholarship income on Schedule 1 line 8r.
Under Deductions & Credits
Education
Expenses and Scholarships (Form 1098-T) START or UPDATE
Continue as if you are going to enter a 1098-T
You might have to continue through screens asking about a 1098-T
Eventually the program should tell you that you are not eligible for an education credit
Next the program will ask about Scholarships and Financial Aid
Continue
Select YES, a drop-down allows the entry for the scholarship reported on 1042-S.
This should not generate the Kiddie Tax.
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March 28, 2024
5:49 PM