topic I worked for our collage summer work education program last summer and part of that money was used to pay my room and board how do I report it? in Education

I worked for our collage summer work education program last summer and part of that money was used to pay my room and board how do I report it?

lexbegs — Fri, 27 Mar 2020 14:14:58 GMT

They did not send a 1099 form just a printed paper stating they reported my financial aid from my summer work education program used for room and board, where do I report it on my taxes?

Re: I worked for our collage summer work education program last summer and part of that money was...

LinaJ2020 — Fri, 27 Mar 2020 15:39:33 GMT

You can treat and enter it as your fellowship fund on the "Scholarship screen" under the Education section. If you have received a Form 1098-T, you would enter the information like this:

(Since room and board is not considered as a qualified education expense, your income will be taxable)

In TurboTax online,

Sign in to your account, select Pick up where you left off
At the right upper corner, in the search box, type in "1098t" and Enter
Select Jump to 1098t
On the screen, Now Let's gather XYZ's Additional Education Expenses
Follow prompts
On-screen, Did student Receive a Scholarship or Grant in 2019?, select Yes
On-screen, Did student pay for Room and Board with a Scholarship or Grant? select Yes. See the images below.
Next screen, Your Education Expenses Summary, select Edit
Next screen Here's Your Education Summary, under Tuition, select Edit to enter tuition information

Re: I worked for our collage summer work education program last summer and part of that money was used to pay my room and board how do I report it?

Hal_Al — Fri, 27 Mar 2020 15:56:44 GMT

That money should have already been included in the amount shown in box 5 of your form 1098-T, and that is how you report it.