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How, where do I enter scholarship income on 1098-T? Box5 is greater than box1 so isn't it taxble income?
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How, where do I enter scholarship income on 1098-T? Box5 is greater than box1 so isn't it taxble income?
The simplest way to enter scholarship income is to just enter the 1098-T. Turbotax (TT) will automatically treat the difference between box 5 and box 1 as income, unless you tell it differently. For example, if you later enter the cost of books, TT will reduce the amount of taxable scholarship by that much.