Ajt116
Returning Member

Deductions & credits

@KrisD15 the IRS website, along with my school website states that this is not taxable income. If I were to enter it on any other aid not reported on a W2 wouldn’t it tax it? I never received, or could find any info to say to put that payment on my taxes. The $1200 payment was instructed to not be listed on a 1098-T according to the IRS as it would cause confusion and they stated no where to include it when filing your taxes. 

 

also, you say that I COULD be claimed as a dependent, but I was only PART-TIME. The IRS website and dependent tool walks you through and asks if the student was FULL-TIME for at least 5 months (and they say full-time is what your school considers full-time which is 12 credit hours) I only took 6 credit hours for the 5 months, and was not a student at the end of 2020. Therefore they can’t claim me, as well as others have said on this community form that I should claim myself.