turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kbistolas
New Member

Turbo tax is reporting a higher number for earned income than showing on W-2. There is notation for "sch 890" but none such form in the return or in the printed return

Trying to find out there difference is coming from.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Turbo tax is reporting a higher number for earned income than showing on W-2. There is notation for "sch 890" but none such form in the return or in the printed return

SCH is taxable amount of scholarships or grants.  If you have a scholarship or grant for education that is more than tuition (usable for room and board) that is taxable income.   (Loans taken out for education are not taxable no matter what they are used for.)

If you don't have a scholarship that is more than tuition and required fees, go back and check your answers in the college tuition section.

View solution in original post

1 Reply

Turbo tax is reporting a higher number for earned income than showing on W-2. There is notation for "sch 890" but none such form in the return or in the printed return

SCH is taxable amount of scholarships or grants.  If you have a scholarship or grant for education that is more than tuition (usable for room and board) that is taxable income.   (Loans taken out for education are not taxable no matter what they are used for.)

If you don't have a scholarship that is more than tuition and required fees, go back and check your answers in the college tuition section.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question