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Education Assistance as Income
TurboTax is indicating that my child's Education Assistance Counts as Income. The explanation is that scholarship income exceeds educational expense. This makes no sense to me as here are the numbers:
1098-T Box 1 $21,300
1098-T Box 5 $15,000
Student Fees not in Box 1 $1,050
Books $969
Room & Board $4,980
‎February 13, 2021
2:00 PM