Q. How does she enter the $3,000 in taxable grants on her tax return?
A. In the TT education interview, you will reach a screen asking if any of the scholarship was used for room and board, answer yes. Then enter the amount you want to be taxable ($3000), in the pop up box. R&B are not "qualified educational expenses". So, this is how you tell TT that it is taxable.
Q. If I'm entering the 1098-T information on my return , does she also enter the 1098-T?
A. Yes. The program will warn her that she does not qualify for a credit. Press continue to get to the entry screens.
