- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Take a look at your 1040. Almost all additions to line 7 provide an acronym on the line 7 to define where its coming from.
The most common wage additions are:
-SCH scholarship income. This comes from the entry of your 1098-T and related info. That means your scholarship exceeds your tuition. This is by far the most common wages addition
-DCB dependent care benefit. $7000 is a bit much for this
-Moving expenses. This would occur when your W2 has an amount in Box 12 Code P and you haven't entered your moving information
-Excess 401k. You'd have a 1099R for this
Look at your 1040 here:
- My Account
- Tools
- View Tax Summary
- Preview 1040
- Look on line 7 for hints on the dotted line. You would definitely have an "SCH" if its coming from Education area.
‎June 5, 2019
11:46 AM