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cspuckett
New Member

My child has scholarship income which Pub 970 says to report on Line 1 of the 1040. How can I do this in TT?

 
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4 Replies

My child has scholarship income which Pub 970 says to report on Line 1 of the 1040. How can I do this in TT?

if student has scholarship income in excess of tuition and fees, student must file their own tax return.

cspuckett
New Member

My child has scholarship income which Pub 970 says to report on Line 1 of the 1040. How can I do this in TT?

Does this mean then that I enter the 1098-T on my child's tax return?

My child has scholarship income which Pub 970 says to report on Line 1 of the 1040. How can I do this in TT?

Yes.  If he is a dependent you get any of the education credits and he get to pay any tax on the scholarship. Only the taxpayer claiming the dependent can claim the credits, but any scholarship that is in excess of tuition is the child's income.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
cspuckett
New Member

My child has scholarship income which Pub 970 says to report on Line 1 of the 1040. How can I do this in TT?

Thanks everyone. I think I have it down now!

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