Enter just the amount under
Deductions & Credits
Education
Expenses and Scholarships (Form 1098-T)
Go through this section as if you have Form 1098-T
You may need to enter the information about the student
Continue through the entry screens for the 1098-T without making any entries (don't report Form 1098-T) until you get to the "Here's Your Education Summary" screen and select "Scholarships/Grants (for all schools)"
On the screen that opens asking "Did you Receive a Scholarship or Grant in 2024?"
Select YES
On the drop down that appears, enter the amount for "Other Scholarships/Grants/Fellowship"
Enter the exact taxable amount if you do not want TurboTax to do the math by entering all your education information.
Scholarship are now reported on Schedule 1 line 8r for tax year 2024.
That flows to your 1040 line 8
Scholarship income is considered as earned income for certain purposes, such as the standard deduction and contributing to an IRA.
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