- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
@Carl great information, very impressive, small correction. If the scholarship/grant exceeds by less than 2100, they may still have to file a return as the amount falls into kiddie tax rules and needs to be reported as income, regardless of tax liability. Yes, it still won't be taxable until it exceeds $6,350. Reporting requires taxable scholarship be included in the kiddie tax, although the standard deduction will offset up to $6350 (assuming no other unearned income or earned income gets added in).
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎June 7, 2019
3:03 PM