- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
SCH by 1040 line 1 Wages is taxable scholarship income.
See FAQ
https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable
and how Turbo Tax calculates it
https://ttlc.intuit.com/questions/1901084-how-does-turbotax-calculate-line-7-form-1040-1040a-and-lin...
Taxable scholarship is any grant or scholarship amount that exceeds qualified educational expenses (tuition, fees and for undergrads, course materials[books]). Loans are not scholarships and are never taxable
‎August 22, 2022
5:59 PM