A company scholarship is reported in box 14 on the W2 as SCHLP but it is income and not a deduction. Do I report it in the Wages & income, Fedral Wage Information of turbotax box 14, or do I report it in the Miscellaneous income section?
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The box 14 entry on the W-2 is informational only and is not reported as income ... if it was taxable income it would already be in the box 1 so do not enter it again. Where this is reported is in the Education Expenses section when you get to it.
The box 14 entry on the W-2 is informational only and is not reported as income ... if it was taxable income it would already be in the box 1 so do not enter it again. Where this is reported is in the Education Expenses section when you get to it.
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