2013 Federal 1040: Scholarships and Grants
When a child files a tax return that includes Form 8615 (Tax for Certain Children Who Have Unearned Income), taxable scholarships and fellowship grants not reported on a Form W-2, are included in the unearned income.
Certain customers, who filed a 2013 Federal Form 1040 and had such taxable scholarships and/or grants, might have filed an incorrect federal tax return.
TurboTax has fixed this issue.
How to tell if you may be impacted
You may be affected if ALL of the following are true:
- You filed a federal tax return prior to 04/24/2014 AND
- You received a scholarship or grant not reported on a W-2 AND
- Your federal Form 1040 shows the taxable portion of your scholarship or grant as an SCH amount next to line 7 (wages, salaries, tips) AND
- Your federal return includes Form 8615
If you are affected, you may have underpaid your federal tax. You may need to amend your federal income tax return.
To amend your return:
- Follow these step-by-step instructions.
- After you make the changes to your tax return, you will need to mail a copy of your amended return.
- Your printed return(s) will include instructions on how and where to mail it.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the 2013 Federal 1040: Scholarships and grants.