- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
No. The only income she received was $1k income that was the difference between the Scholarship amount and Tuition expenses. If the 10K in 29 withdrawals was used for educational expenses, that is not income.
Note in the previous answer it mentioned to add back in Student loan Interest. You will only add that amount back if you claimed this on this year's return. If you did claim, you would need to add that student loan interest amount to the $1k excess scholarship amount.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 28, 2021
6:38 PM