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Do I need to amend if I did not add scholarship info?

Forum|Forum|6 years ago
February 21, 2020
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I did not add scholarship info on MY taxes last year for my dependent that I claimed. Do I have to amend it? She filed her own taxes.

Best answer by JulieS

It depends. Sometimes scholarships are more than the tuition and fees paid, in that case you may need to amend, because you may have taken too large a credit.

If the scholarships are taxable because the money was not spent on qualified education expenses, that taxable scholarship goes on the student's tax return.

You should start an amendment and see if adding the scholarships change your credit. If it does, you should amend the return as soon as possible.

Click here to learn more about amending your tax return.

J

JulieSAnswer

It depends. Sometimes scholarships are more than the tuition and fees paid, in that case you may need to amend, because you may have taken too large a credit.

If the scholarships are taxable because the money was not spent on qualified education expenses, that taxable scholarship goes on the student's tax return.

You should start an amendment and see if adding the scholarships change your credit. If it does, you should amend the return as soon as possible.

Click here to learn more about amending your tax return.

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