You'll need to sign in or create an account to connect with an expert.
SCH 15000 on Form 1040 line 1 means that you have $15,000 of taxable scholarship income. Taxable scholarship income is added to your W-2 wages.
What line on your tax return are you looking at? Line 1 should match box 1 of your W2s. Your W2 box 1 does not include any pretax deductions like 401K and health ins. Or is your 1040 line 1 too much? Are there any letters by line 1 like SCH?
I’m looking at line 1 of my tax return and it is roughly $15,000 higher than the combination of both of my W-2s (I had 2 jobs) looking at line 1 on both of the W-2s.
Also, it does say SCH15000
SCH 15000 on Form 1040 line 1 means that you have $15,000 of taxable scholarship income. Taxable scholarship income is added to your W-2 wages.
Did you get any 1098 forms? SCH by 1040 line 7 or 1 Wages is taxable scholarship income and then the amount.
See FAQ https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TK2005
New Member
zzz8881
New Member
maryamamrollah21
New Member
Quenton
New Member
coolcarn1sam
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.