sief
Level 2

Get your taxes done using TurboTax

Hi,

 

Thank you. So we already filed our taxes, but reported it under Misc income and wrote 1042-S as the description. It showed that we will receive 500$ less in returns than the suggested way here (adding it to our 1098-T scholarships). As for the federal taxes we added them the way you suggested.

 

Would there be any problems with the way we filed our taxes? Other than, possibly less returns for us?

 

The reason why I didn't do it as was suggested earlier is that my 1098-T already has the scholarships box filled out, and the non-qualified too. I asked the payroll manager and she said that my scholarships in 1098 do not include the 1042-S as both are totally separate quantities.