The taxable amount is allowed towards a ROTH as shown in IRS pub 590a. Is your scholarship showing as taxable income? Would you please preview your return and check the taxable income and then let us know if the program is in fact showing a taxable income at least equal to the contribution? To view your return:
- If you are using the online version:
- go to Tax Tools,
- then select Tools,
- select View Tax Summary,
- on the left side, select Preview My 1040.
- In the desktop program, switch to forms mode.
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