On my Tax Return I has an SCH, how is this calculated and why is it an AGI?

[caradae31]

 I have no earned income and upon further looking it was a scholarship tax from my Financial AId I recieved. But it is listed under my wages and such at the top of my Tax Return. Which is confusing me because my scholarship amount and my AGI, SCH are completely different than that of my actual Scholarship amount.

[DoninGA]

The letters SCH entered to the left of Line 7 of the tax return and the number shown is the amount of taxable scholarship that is entered on Line 7.  SCH stands for Scholarship and the amount is included in your taxable income and therefore included as part of your AGI.

See this TurboTax support FAQ for taxable scholarships - https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable

IRS Form 1040 instructions for Line 7 on page 22 - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=22

Scholarship and fellowship grants not reported on Form W-2. Also, enter “SCH” and the amount on the dotted line next to line 7. However, if you were a degree candidate, include on line 7 only the amounts you used for expenses other than tuition and course-related expenses. For example, amounts used for room, board, and travel must be reported on line 7.

[Hal_Al]

Typically, TurboTax (TT) picks up taxable scholarship from the form 1098-T that you enter. If the box 5 amount is larger than the box 1 (or box 2) amount, TT will treat the difference as taxable scholarship, unless you enter additional qualified expenses (like books).
The taxable amount will show on line 9 of the Student Information worksheet.