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Education
Q. If that's the case, would I say "Yes" to receiving help from veterans' benefits?
A. No. Hazelwood is already included in both box 1 and box 5.
Q. I also have to take in account that the Pell Grant has to be listed as taxable income.
A. That will happen automatically after entering the 1098-T. TT will enter $3472 as taxable income (6759 - 3287 = 3472) as taxable scholarship income (on line 8r of Schedule 1), unless you enter some additional expenses, e.g. books and a computer (but not room & board) to reduce the taxable amount.
March 25, 2024
6:09 PM