samnuss
New Member

What does "SCH" followed by an amount mean on a tax return?

My wife and I are working on getting a house loan and our lender noticed a discrepancy between the total income we could provide from our W-2's from 2015 and what went into Line 7 of our federal tax return from 2015. Looking at our tax return, we noticed there is an entry just to the left of the entry box for line 7 that says "SCH 2777", which is the exact amount of the discrepancy our lender noticed. What does SCH mean, where did TurboTax get the number from and why was it added to our total reported wages?