topic Re: Education in Education

Education

therealzybria — Thu, 11 Feb 2021 16:31:38 GMT

What does SCH 3935 on line 1 mean?

Re: Education

Bsch4477 — Thu, 11 Feb 2021 16:34:50 GMT

If it is on line 1 of your 1040 it is scholarship income.

Re: Education

Hal_Al — Thu, 11 Feb 2021 17:11:19 GMT

It means the amount on line includes $3935 of taxable scholarship.

TurboTax calculated this, based on your input in the education expenses section. It frequently is no more than the amount that box 5 of the 1098-T exceeds box 1 by.