W2 amount doesn't match up with final amount listed

Forum|Forum|5 years ago
April 13, 2021
5 replies
45 views

When I inputted my W2 amount, TurboTax has it right, but after I got to the end, it added an extra $4646 in income. I've done all the math and I'm not sure where it came from. I only have a single W-2 and some scholarships from the 1098-T. It is unclear where this amount is coming from!

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macuser_22

Alumni - Champ

@smatin wrote:

When I inputted my W2 amount, TurboTax has it right, but after I got to the end, it added an extra $4646 in income. I've done all the math and I'm not sure where it came from. I only have a single W-2 and some scholarships from the 1098-T. It is unclear where this amount is coming from!

If the scholarship exceeded the tuition then it is taxable and will show on the 1040 line 1 with "SCH" next to it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

smatinAuthor

Level 2

Ok, I see that. Even if it is taxable income, the math doesn't add up. Maybe I am missing something.

macuser_22

Alumni - Champ

What math does not match up? What goes on line 1 comes for what you entered on the 1098-E (or additional scholarships not reported on the 1098-E that you entered.)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**