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June 4, 2019
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How should I report tuition support/stipends?

  • June 4, 2019
  • 1 reply
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I don't have a 1098-T. The funding I get from my university consists of tuition support (say $20,000 for example) and a stipend (say $10,000). Should I report my tuition expenses as $20,000 and scholarships/grants as $20,000+$10,000=$30,000? Or should I report tuition as 0 (since it's paid by the university, not me) and scholarships/grants as $10,000?

Best answer by PopeyeTheSalior

You would report your tuition amount as $20,000, then list $30,000 under Scholarship / Fellowship.  The program will treat the exceeding amount of $10,000 as a taxable income, listed as SCH on line 1 wages of your 2019 Form 1040. 

 

[Edited 4/5/2020 | 6:11 PM]

1 reply

PopeyeTheSalior
Employee
June 4, 2019

You would report your tuition amount as $20,000, then list $30,000 under Scholarship / Fellowship.  The program will treat the exceeding amount of $10,000 as a taxable income, listed as SCH on line 1 wages of your 2019 Form 1040. 

 

[Edited 4/5/2020 | 6:11 PM]