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April 7, 2024
Question

colledge Scholarship income.

  • April 7, 2024
  • 1 reply
  • 0 views

is net scholarship income for an undrgraduate student passive or active income eligible for the standard deduction? Student claimed as a dependent on pareent's return.

    1 reply

    Employee
    April 7, 2024

    Scholarship income is unearned income and is taxed at your marginal tax rate.