turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

miashazia
New Member

I need to report some scholarship money as income, which I believe will be on a 1040 form. However, I cannot find an editable version of this form on the online platform

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

5 Replies
Hal_Al
Level 15

I need to report some scholarship money as income, which I believe will be on a 1040 form. However, I cannot find an editable version of this form on the online platform

That;s correct. You cannot make entries directly on the form, with the online editions of TurboTax**.

You can with the download (desktop) versions.


** All entries must be made via the interview. Taxable scholarship is not entered in the income section. 

In TurboTax (TT), enter at:

Federal Taxes Tab 

Deductions & Credits

-Scroll down to:

--Education

  --Education Expenses

If the difference between box 5 and box 1 on your form 1098-T is your taxable amount, not additional entries are needed.

miashazia
New Member

I need to report some scholarship money as income, which I believe will be on a 1040 form. However, I cannot find an editable version of this form on the online platform

Thanks for your answer. Just to clarify, if I received a larger scholarship than I paid in tuition, the difference between the scholarship and the tuition amount is the taxable amount? And as long as I have entered these two values in form 1098-T, there is no need to enter that difference under 'income'?
Hal_Al
Level 15

I need to report some scholarship money as income, which I believe will be on a 1040 form. However, I cannot find an editable version of this form on the online platform

Correct.
To verify: check line 1 of form 1040. To the left of the line you will see a notation SCH with your taxable scholarship amount. That amount has been added to your wages and the total shown on line 1.
miashazia
New Member

I need to report some scholarship money as income, which I believe will be on a 1040 form. However, I cannot find an editable version of this form on the online platform

How do I view my 1040? I am trying to view it by going to "Tools" then "View Tax Summary" but cannot seem to find it.
miashazia
New Member

I need to report some scholarship money as income, which I believe will be on a 1040 form. However, I cannot find an editable version of this form on the online platform

Nevermind, I have found it.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question