- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
I entered the 1098T under the education category in deductions. Turbo tax asked for box 1 and box 5 on the 1098, which showed $10,500 in scholarships and $7,745 for tuition. In deductions, education now says "Expenses and scholarships" as $0 and is still not showing under my income on a 1040. In income, however, I do have a W-2 of $5700, social security of ~$4000, and interests and dividends of about ~$100 in total. I assumed from what the person above had said that once I entered my 1098T under deductions, I would them have a 1040 in income with the difference between scholarships and tuition but this is not the case, even after reentering. In deductions I have $6 from working and $8,800 as a standard deduction. Do these other deduction maybe affect why the scholarships are not showing up under income?