I'm a different user but with questions about this issue.
I'm a graduate student, over 24, nobody can claim me as a dependent. The number in box 1 is over $4000 greater than the number in box 5 (the number in box 6 is $0.00. Box 7 and the box for at least half-time student are checked. Box 3 is blank and boxes 4 & 10 are $0.00
However, whereas I get a deduction of $4000, all of the income in box 7 is treated as income in my 1040. How come, I thought the grants and scholarships for tuition, books and other qualified expenses were not taxable.
Any help would be appreciated (I'm using turbo premier)
