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Get your taxes done using TurboTax
You say that the box 5 amount includes 2025 scholarship. You don't say whether the box 1 amour includes 2025 scholarship. You also don't say how much us in box 1.
Q. Shouldn't this taxable reduction in tuition categorized as a Scholarship/Grant for 2025 be declared in 2025 instead of being declared as income in 2024 for my child?
A. Yes. As @KrisD15 said, you will also reach a screen that allows you to adjust the scholarship amount for "amounts not awarded for 2024 expenses". Enter the $6369 there. That takes it out of the picture.
4 weeks ago