MarilynG1
Expert Alumni

Education

@jmhwoodsy Yes, you are correct that your daughter will report the excess Scholarship amount as income on her return (if she is required to file a return).

 

Since you don't qualify for an Education Credit, she can report the 1099-Q on her return also. 

 

Click this link for more info on Reporting Taxable Scholarship Income. 

 

Here's a detailed article on Form 1099-Q

 

 

 

 

 

 

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