Code 16 on Form 1042-S means scholarship or fellowship grants. You will treat it as receiving a scholarship or fellowship to offset your qualified education expenses if there are any.
You will enter this in the education section as scholarship received:
- Login to your TurboTax Account
- Click on the "Search" on the top right and type “1098T”
- Click on “Jump to 1098T”
- TurboTax will walk you through the section
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