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Why is there is an amount on line 1 on my tax return despite not having any income (besides dividends)? I did not work or have W-2.

 
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Why is there is an amount on line 1 on my tax return despite not having any income (besides dividends)? I did not work or have W-2.

SCH by 1040 line 1Wages  is  taxable scholarship income and the amount

See FAQ
https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable 

and how Turbo Tax calculates it
https://ttlc.intuit.com/questions/1901084-how-does-turbotax-calculate-line-7-form-1040-1040a-and-lin... 

Taxable scholarship is any grant or scholarship amount that exceeds qualified educational expenses (tuition, fees and for undergrads, course materials[books]). Loans are not scholarships and are never taxable.

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3 Replies

Why is there is an amount on line 1 on my tax return despite not having any income (besides dividends)? I did not work or have W-2.

Are there any letters by line 1?  Like SCH?  Are you a student?  
Or get any 1099R forms with code 3 for disability?

Why is there is an amount on line 1 on my tax return despite not having any income (besides dividends)? I did not work or have W-2.

Yes, there's "SCH" on line 1 and I'm a student.

Why is there is an amount on line 1 on my tax return despite not having any income (besides dividends)? I did not work or have W-2.

SCH by 1040 line 1Wages  is  taxable scholarship income and the amount

See FAQ
https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable 

and how Turbo Tax calculates it
https://ttlc.intuit.com/questions/1901084-how-does-turbotax-calculate-line-7-form-1040-1040a-and-lin... 

Taxable scholarship is any grant or scholarship amount that exceeds qualified educational expenses (tuition, fees and for undergrads, course materials[books]). Loans are not scholarships and are never taxable.
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