I pay for my rent for school with scholarship money I receive where do i deduct that?

vspragg — Thu, 06 Jun 2019 14:39:46 GMT

Room and Board that is paid with Grants or Scholarships i...

JaimeG — Thu, 06 Jun 2019 14:39:48 GMT

Room and Board that is paid with Grants or Scholarships is actually Taxable Income, it is not a Qualified Education Expenses for these purposes, thus it is not deductible.

A scholarship or fellowship grant is tax free only to the extent:

It doesn't exceed your qualified education expenses;

It isn't designated or earmarked for other purposes (such as room and board), and doesn't require (by its terms) that it can't be used for qualified education expenses; and

It doesn't represent payment for teaching, research, or other services required as a condition for receiving the scholarship. For exceptions, see Payment for services, later.
https://www.irs.gov/publications/p970/ch01.html

topic I pay for my rent for school with scholarship money I receive where do i deduct that? in Investors & landlords

I pay for my rent for school with scholarship money I receive where do i deduct that?

Room and Board that is paid with Grants or Scholarships i...