Lg34
New Member

Retirement tax questions

I am confused by this response.  We have a similar situation (scholarship including room and board).  However, my read of Publication 590 Table 1.1 (the last row) suggests that we SHOULD consider the non-tuition portion (essentially a stipend) as compensation. I don’t see where it requires this to be reported on a W2.  One additional question though. The example provided discusses graduation students. What about undergraduates?  Do we take Table 1.1 as the full set of conditions (which doesn’t specify graduate or undergraduate), or should we read the example (grad student) to be an added constraint?  Note - turbotax did not ask for this detail.  Thanks!