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June 7, 2019
Solved

What if I'm not sure how much of a grant was used for room and board

  • June 7, 2019
  • 1 reply
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I live at home and we used the money to pay rent
Best answer by MichaelMc

The amount of scholarships and grants the exceeds what you paid for qualified tuition, fee, books and materials required for your course of study, will be taxable income. This includes amounts paid to your educational institution for room and board charges or amounts spent off-campus on rent and meals.

1 reply

MichaelMcAnswer
Employee
June 7, 2019

The amount of scholarships and grants the exceeds what you paid for qualified tuition, fee, books and materials required for your course of study, will be taxable income. This includes amounts paid to your educational institution for room and board charges or amounts spent off-campus on rent and meals.