- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Turbo tax asks if any of the financial aid was included on a W2 as taxable income on his taxes- it is part of my taxable income on my W2, do I say yes or no
the question turbo tax has asked is...
"Was Any of (my sons name) Financial Aid Already Included in Income?
Tell us if any of the $xxxx in Box 5 of (my son's) 1098-T includes amounts already reported as income on (my son's) tax return.
I do have a taxable benefit from my employer of tuition assistance for my son and it shows up as income on my W2- so it is not going to show on his taxes but will on mine.....so I am confused by this question and how to answer it....
"Was Any of (my sons name) Financial Aid Already Included in Income?
Tell us if any of the $xxxx in Box 5 of (my son's) 1098-T includes amounts already reported as income on (my son's) tax return.
I do have a taxable benefit from my employer of tuition assistance for my son and it shows up as income on my W2- so it is not going to show on his taxes but will on mine.....so I am confused by this question and how to answer it....
Topics:
‎June 4, 2019
10:38 PM