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Scholarship, fellowship, stipends or grant money , if not used for qualified education expenses is taxed as income and belongs on Form 1040 Line 7 with SCH in front of the line number.
Per IRS Publication 970 Tax Benefits for Education : Payment for services. In most cases, you must include in income the part of any scholarship or fellowship that represents payment for past, present, or future teaching, research, or other services. This applies even if all candidates for a degree must perform the services to receive the degree.
To enter scholarships with NO 1098-T:
To enter your 1098-T:
Related information:
Scholarship, fellowship, stipends or grant money , if not used for qualified education expenses is taxed as income and belongs on Form 1040 Line 7 with SCH in front of the line number.
Per IRS Publication 970 Tax Benefits for Education : Payment for services. In most cases, you must include in income the part of any scholarship or fellowship that represents payment for past, present, or future teaching, research, or other services. This applies even if all candidates for a degree must perform the services to receive the degree.
To enter scholarships with NO 1098-T:
To enter your 1098-T:
Related information:
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