MarilynG1
Employee Tax Expert

Deductions & credits

Generally, if the amount in Box 1 is less than the amount in Box 5, yes, TurboTax will calculate that you have Taxable Scholarship Income.

 

If the Box 1 amount does not reflect what was actually paid in Tuition, check the box below and enter the correct amount.

 

If you have a 1099-Q, enter it first, then in Education Expenses, you can add Room & Board cost and other costs not included in Tuition, along with the 1098-T. 

 

You may want to Delete the student in the Education Section and re-enter. 

 

You should qualify for the American Opportunity Credit of $2500 to help with the 14K you paid out of pocket.

 

Here's more info on Why Didn't I Get an Education Credit?

 

@Paddy Winkler 

 

 

 

 

 

 

 

 

 

 

 

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