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Education
Q. Since I already entered a 1098-T with Box 5 "scholarships or grants" in excess of box 1, I have technically reported the taxable income and do not have to enter it anywhere else?
A. Yes. To verify that that happened look a line 8r on Schedule 1. That is where the taxable amount of scholarship is entered on the forms. From there, it transfers to line 8 of form 1040.
March 7, 2024
5:41 PM