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June 1, 2019
Question

I just noticed that the numbers on line 1 (wages) are more than what I made. I don't know why.

  • June 1, 2019
  • 1 reply
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It says SCH 1584. What is that?

1 reply

Critter
Employee
June 1, 2019

SCH by 1040 line 7 Wages  is  taxable scholarship income.

See FAQ
https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable 

and how Turbo Tax calculates it
https://ttlc.intuit.com/questions/1901084-how-does-turbotax-calculate-line-7-form-1040-1040a-and-line-1-1040ez-wages 

Taxable scholarship is any grant or scholarship amount that exceeds qualified educational expenses (tuition, fees and for undergrads, course materials[books]). Loans are not scholarships and are never taxable