AnnetteB6
Expert Alumni

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

 

 

 

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