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Get your taxes done using TurboTax
If I understand correctly, only 10,000 went to the school and the remaining 14,000 went to other things, like Room and Board.
Funds used to pay for Tuition, Fees, Books and Supplies is tax-free.
Funds used to pay Room and Board are taxable to you.
It is like the 10,000 of the scholarship went to the school to pay tuition.
Then 14,000 WOULD HAVE GONE TO YOU, thus taxable, but rather than go through your hands and back to Campus, the school paid for your room directly.
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‎January 30, 2025
11:40 AM