topic Nevermind, I have found it. in Retirement tax questions

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

miashazia — Sat, 01 Jun 2019 20:16:36 GMT

That;s correct. You cannot make entries directly on the f...

Hal_Al — Sat, 01 Jun 2019 20:16:38 GMT

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.

Thanks for your answer. Just to clarify, if I received a...

miashazia — Sat, 01 Jun 2019 20:16:39 GMT

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'?

Correct. To verify: check line 1 of form 1040. To the lef...

Hal_Al — Sat, 01 Jun 2019 20:16:40 GMT

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.

How do I view my 1040? I am trying to view it by going to...

miashazia — Sat, 01 Jun 2019 20:16:41 GMT

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.

Nevermind, I have found it.

miashazia — Sat, 01 Jun 2019 20:16:43 GMT

Nevermind, I have found it.