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Education
Hi Hal_Al-
I do not following the reply.
I entered the grant and qualified education expense data correctly in the 1098-T form in Turbo Tax Home & Business 2021. The error is Turbo Tax is not complying with IRS pub 970. IRS pub 970 says the excess grant $ received (over qualified education expenses) should be included on line #1 with the 'SCH' and excess $ amount in the description.
Are you saying to work around the Turbo Tax error, to manually enter scholarship income so it is correctly reported in the 1040 line #1?
thanks,
Steve
March 21, 2022
1:11 PM