turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

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.

View solution in original post

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.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies