2576707
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.

On my 1098t, I got 1500 scoolarship out of total tuition of 4000, when I add it to my taxes, I got 400 more due on my taxes, and my total income increased by 1500. Why

 
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.

2 Replies
Hal_Al
Level 15

On my 1098t, I got 1500 scoolarship out of total tuition of 4000, when I add it to my taxes, I got 400 more due on my taxes, and my total income increased by 1500. Why

Where does the $1500 extra income show up? In particular see if it was added to line 1 of form 1040, with a notation SCH1500 on the dotted line to the left.  If so, TurboTax has treated the $1500 scholarship as taxable income because it used all  $4000 of the tuition to calculate the Tuition credit, either on your return or your parent's return, if you are a dependent. 

 

Also look at lines 20 & 29, this is where the education credit will appear (if you qualify).

 

 

On my 1098t, I got 1500 scoolarship out of total tuition of 4000, when I add it to my taxes, I got 400 more due on my taxes, and my total income increased by 1500. Why

Thanks for replying. I removed the 1098 and uploaded it again and that fixed the issue, not sure what was wrong. 

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