topic Grant in Education

Grant

isidore05091944 — Tue, 10 Mar 2020 14:47:54 GMT

My 1098T box 5 indicates it exceeds box 1 by $8365. So I think that excess should be the taxable amount., but the final result of income tax return is it shows that the taxable amount is box 1. What am I doing wrong.

Re: Grant

ColeenD3 — Tue, 10 Mar 2020 15:05:19 GMT

It is hard to say. You can try to delete the form and re-enter, being careful with each answer.

To Delete a Form

Open your return in TurboTax.

In the left side bar, select Tax Tools> Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form/schedule/worksheet and follow the onscreen instructions

Re: Grant

NCperson — Tue, 10 Mar 2020 18:08:57 GMT

alternatively, zero out Box 1 and put the $8365 in Box 5.... you should see that same amount appear on line 1 (wages) of form 1040 with the word "SCH" typed in by TT on that line