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March 6, 2020
Question

How do I make sure my scholarship $ which exceeds my tuition cost is being accounted for as additional taxable income as well?

  • March 6, 2020
  • 1 reply
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1 reply

March 6, 2020

assuming you are the student, if you post the 1098T and Box 5 exceeds box 1, you will see the net as earned income on the 'wages' line with the note "SCH" on Form 1040. TT will take care of that