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Get your taxes done using TurboTax
The scholarship, or part of it, may be taxable. It all depends on how the scholarship funds were spent. If the scholarship was used for tuition, fees, books, supplies and equipment required for a given course(s), (sometimes referred to as qualified educational expenses) then the scholarship funds will not be taxable. If the scholarship was used for room and board, or travel, then the funds for such expenses would be taxable.
TurboTax will ask questions about how the scholarship funds were used. Answers to these questions will determine whether any of the scholarship is taxable.
Here is a link to a TurboTax article discussing scholarships and taxes which you might find helpful.
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‎January 26, 2022
2:56 PM