18 year old full time student had Pell grant amount applied to room and board. My understanding is that is not a qualified expense and that amount must be reported as unearned income? Student has never filed taxes and had no plans to file this year. Student had earned income from PT job of 6500 this year. Student is a dependent. Does this student now need to file taxes to report the scholarship and is the Pell that was used for room and board considered earned or unearned income?
thank you!
