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Reporting Excess financial aid
For 2019 I am 19 in college and have about $2700 in excess financial aid on top of money i earned on a W-2 and Social security benefits, so I have to file taxes this year. I do not know where to report my excess financial aid for it to be counted under income. I tried child's income form 8615 and after putting in my parents information it now tells me that I do not have unearned income over $2200 so it does not apply. I also reported my 1098T under deductions, but I did not know whether this needed to be reported under income too. Can someone tell me how I make sure my excess scholarships are counted in my income?
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March 9, 2020
8:28 PM