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handt18
New Member

Can I please see SCH 6786? My AGI is saying it's much higher than the income on my w-2's. It says its coming from SCH 6786.

 
1 Reply
VolvoGirl
Level 15

Can I please see SCH 6786? My AGI is saying it's much higher than the income on my w-2's. It says its coming from SCH 6786.

That is not a schedule but an Amount $
Did you get any 1098 forms?  SCH by 1040 line 7 or 1 Wages is taxable scholarship income and then the amount.
See FAQ https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable

and how Turbo Tax calculates line 7
https://ttlc.intuit.com/questions/1901084-how-does-turbotax-calculate-line-7-form-1040-1040a-and-lin...
 
Taxable scholarship is any grant or scholarship amount that exceeds qualified educational expenses (tuition, fees and for undergrads, course materials[books]). Loans are not scholarships and are never taxable
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