Get your taxes done using TurboTax
Report this scholarship income under Education expenses. You will answer questions as if you will report education related expenses.
In TurboTax Online, follow these steps:
- Down the left side of the screen, click on Federal
- Down the left side of the screen, click on Deductions & Credits.
- Scroll down to Education. Click the down arrow to the right.
- Select Start / Revisit to the right of Expenses and Scholarships.
- Under Your Education Expenses Summary, click Edit.
- 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 2023?, 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.
