After filling out and double-checking wages entered, the amount I calculate and the amount that TurboTax calculates is different by $10. On my 1040 on line 1, there is some text typed there that I've never seen before. It says SCH 10. What is this? Is this a glitch? Has anyone else run into this?
Katie
The SCH stands for SCHolarship income. It appears that you have entered $10 more in scholarship income than qualified education expenses. Go back through the Education section and make sure you have entered all of your expenses and that the details of your 1099-T are entered correctly as well. To get back there, search for education and use the Jump to education link. Then click on Visit All.
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