Please be aware that scholarship income is EARNED INCOME reported on the student's 1040 line 1.
Is the unearned income (independent of the scholarship income) is more than 2,200, the higher rate will apply and form 8615 is generated.
Be aware that the student can use the scholarship income they need to claim for an IRA contribution, but that would need to be done by Monday, April 18th, 2022 to claim the deduction for 2021.
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