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Education
If you daughter received scholarship/grant funds that exceed all of her qualified education expenses, then she could report the excess as taxable income on her own return.
However, if she is not required to file a return, then no, it does not get reported.
Here's more info on Taxable Scholarships.
Unfortunately, she would need to file a standard Form 1040 if she is required to file. There is no longer any 'short form'.
To get the taxable scholarship reported on her return, she should enter the 1098-T and education expenses in her return. The excess scholarship income will then be reported properly on Form 1040.
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April 7, 2024
11:50 AM