Our son received two scholarships from his university. His scholarships exceeded his tuition. He is reporting the excess amount on his 1040EZ line 1. We are now working on the parent tax form. We enter the amount from his 1098T and come
to a question that asks if part of his scholarship on the 1098-T includes
amounts already reported as income on his tax return. However, under the question the choices are
“Yes, he had scholarship or other aid reported on a Form W-2 or Form 1099-MISC”
or “No, he didn’t have any scholarship or other aid reported on a Form W-2 or
Form 1099-MISC”. How should this
question be answered? It was indeed
reported as income on his tax form but the scholarship came directly from the
school and was not on a Form W-2 of 1099-MISC.
