- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The Form 1098-T that you entered should explain the entry of the taxable scholarship on line 1 of Form 1040. The scholarship amount reported in box 5 minus the payments received for tuition reported in box 1 would generally be the difference that is taxed on the Form 1040.
You do not need to include a copy of the Form 1098-T with your return because the IRS already has a copy on file. Keep the Form 1098-T for your records.
@cosscountry321
**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"
‎July 2, 2020
8:09 PM