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Get your taxes done using TurboTax
Q. If that is the case, can the taxable excess scholarship count as support provided by the child for the purpose of determining they are independent?
A. No. Scholarships are ignored in the support calculation, even when taxable.
Reference: https://www.journalofaccountancy.com/issues/2011/may/20113902.html
‎April 14, 2021
3:59 AM