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Get your taxes done using TurboTax
Hi - I'm a 22 year old dependent of my parents who has EARNED W-2 income from jobs worked last year. I do have a 1099-INT showing $45 in interest earned from a savings account. I receive the Zell Miller scholarship in Georgia, which covers full tuition each semester (~$5,400x2 for last year). This is automatically applied to my tuition at a state school. I am being required to fill out an 8615 form and on it, it says that I have $10,820 in UNEARNED income - this corresponds to the amount I received in scholarship money for 2020.
Based on what I read on the IRS website, https://www.irs.gov/taxtopics/tc421, this scholarship is not taxable. I also gather that it does not count as income. Am I filling something out wrong? This has not happened in the past years I filed taxes in this same situation. I've checked multiple times and nothing I've said on TurboTax seems to indicate I received $10,800 of unearned income in the ways detailed earlier in this thread.
Please help - I'm wracking my brain trying to understand this and not pay ~$1500 extra tax as indicated by this form.