MichaelG81
Expert Alumni

After you file

After adding room and board expenses, make sure you go to personal income and enter the Pell Grant as Misc. Income>Other Reportable Income>Pell Grant and amount of Pell Grant and other scholarships as shown on 1098T page.

 

You can find your income amount included after editing your 1098T; when entering room and board expenses, it says how much is taxable and must be included in income. Usually the outcome is more favorable than not depending on costs for your refund amount. It should go up if it was a Pell grant and you report room and board under your 1098T expenses if you paid these, which most people do.

 

It should not be more than your Pell grant and other scholarships combined or the amount in Box 5, making a minimal effect on lowering your refund. But you may get more for doing it this way. Depending on income and other factor you can use the program to input your room and board and other qualifying expenses.

 

Misc. Income, other reportable income, Pell grant, amount.

 

@jashesproject

 

 

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