When reporting education expenses, you must also report scholarships received. IRS Publication 970 page 6 states: A scholarship or fellowship grant is tax free only to the extent: It does not exceed your qualified education expenses; It is not designated or earmarked for other purposes (such as room and board), and doesn't require (by its terms) that it cannot be used for qualified education expenses; and It does not represent payment for teaching, research, or other services required as a condition for receiving the scholarship.

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Which scholarships need to be included?

Forum|Forum|4 years ago
April 10, 2022
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JamesG1

When reporting education expenses, you must also report scholarships received. IRS Publication 970 page 6 states:

A scholarship or fellowship grant is tax free only to the extent:
It does not exceed your qualified education expenses;
It is not designated or earmarked for other purposes (such as room and board), and doesn't require (by its terms) that it cannot be used for qualified education expenses; and
It does not represent payment for teaching, research, or other services required as a condition for receiving the scholarship.

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