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Get your taxes done using TurboTax
I think what you are saying is that the scholarship income was received in 2020, but belonged in 2019 because it paid the tuition for that year.
If so, you can adjust your return by entering a negative adjustment to Other Income to cancel out the income from the excess scholarship reported. If you do this, you should mail your return in and attach an explanation as to why you made the adjustment.
If you received an education credit in 2019, you will need to amend that return to reflect the scholarship income reported in 2020 if you didn't already.
You can make the adjustment to Other Income by using these menu tabs in TurboTax:
- Federal
- Income and expenses
- Less common income
- Miscellaneous income
- Other reportable income
Enter a description for the entry (invalid SI reported?) and the amount as a negative number.
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‎February 23, 2021
3:55 PM