Skip to main content
June 1, 2019
Solved

Where to enter Scholarship Income that is taxable (used for room/board) for 2018 for my son who is filing his tax return?

  • June 1, 2019
  • 1 reply
  • 0 views
No text available
Best answer by HelenaC

Enter it on your son's income tax return. We'll ask about scholarships and other financial aid when you get to the Education section in Deductions & Credits.

You may have also received a Form 1098-T with your scholarship or grant amount in Box 5. As you answer questions in the Education section, we'll ask about that form as well.

  • Scholarship, fellowship or grant money , if not used for qualified education expenses is taxed as income and gets reported on Form 1040 Line 1 with SCH in front of the line number.

To enter  scholarships, grants, stipends (With or without a 1099-MISC form):

  1. On the left side navigation bar, click on Federal.
  2. Click on the Deductions & Credits tab.
  3. Scroll down to Education (if Education is not there, click on Check for more tax breaks).
  4. Select Expenses and Scholarships (Form 1098-T).
  5. On the Do you want to enter your higher education expenses? screen, select Yes.
  6. Continue with the onscreen interview until you get to the Scholarships and Financial Aid screen.
  7. Enter your scholarship money that was NOT included on your 1098-T form.
  8. Continue with the onscreen interview until complete. 

1 reply

HelenaCAnswer
Employee
June 1, 2019

Enter it on your son's income tax return. We'll ask about scholarships and other financial aid when you get to the Education section in Deductions & Credits.

You may have also received a Form 1098-T with your scholarship or grant amount in Box 5. As you answer questions in the Education section, we'll ask about that form as well.

  • Scholarship, fellowship or grant money , if not used for qualified education expenses is taxed as income and gets reported on Form 1040 Line 1 with SCH in front of the line number.

To enter  scholarships, grants, stipends (With or without a 1099-MISC form):

  1. On the left side navigation bar, click on Federal.
  2. Click on the Deductions & Credits tab.
  3. Scroll down to Education (if Education is not there, click on Check for more tax breaks).
  4. Select Expenses and Scholarships (Form 1098-T).
  5. On the Do you want to enter your higher education expenses? screen, select Yes.
  6. Continue with the onscreen interview until you get to the Scholarships and Financial Aid screen.
  7. Enter your scholarship money that was NOT included on your 1098-T form.
  8. Continue with the onscreen interview until complete. 

June 1, 2019
I was able enter the scholarship income in the screen which shows "Did you pay for room and board with a Scholarship or Grant ? Here you need enter how much of the Sch/Grants you paid for Room and Board. This will be added in 1040 Line 1 as SCH.  Thank you.