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bradenhunter
April 16, 2025
Question

I have a 1098-T with 17,540 in Box one. I also have a 6250 scholarship in box 5. Turbotax is saying that the scholarship is taxable income. How?

  • April 16, 2025
  • 1 reply
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It is saying that the expenses were less than the scholarship which is obviously not true

    1 reply

    Hal_Al
    Hal_Al
    April 16, 2025

    You've entered something wrong. One possibility; you are asked if any of the scholarship was used for room and board. Answer no. Any amount entered there is treated as taxable (R&B is not a qualified expense).

     

    Otherwise, try deleting the 1098-T (delete student) and re-enter. 

     

    Why are you entering the 1098-T.  Are you the student or the parent. 

     

     Here's a post on the five main points on the  1098-T:

    https://ttlc.intuit.com/community/college-education/discussion/i-need-help-with-1098t-section-college-expenses/00/3451036

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