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Education
Q. What is Schedule 1?
A. It's an attachment form that TurboTax (TT) produces to report misc income that doesn't have a specific line on form 1040. It was new in 2018.
Q. All of my stipend was on a 1098-T only.
A. Then my original reply is the answer to your original question.
If the stipend was included in the box 5, then TurboTax (TT) will treat it like ordinary scholarship (apply to the box 1 tuition first, then treat any excess as taxable). If you want to designate it as taxable (for example to free up tuition for you, or your parents to claim the tuition credit), answer yes when TT asks if any of the grant was used for room & board and designate the taxable amount.
March 30, 2025
6:25 PM