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Why was 1450 dollars added to my wages and income for SCH because I did not enter that amount to my wages turbo tax factor that amount ?

Forum|Forum|6 years ago
June 1, 2019
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Why was 1450 dollars add to my wages and income as SCH?

TurboTax PLUS Online

Best answer by SweetieJean

That's a taxable Scholarship of $1450.

Did you add all your tuition and eligible expenses and still have leftover money? That amount is taxable to you.
<a rel="nofollow" target="_blank" href="http://www.fastweb.com/financial-aid/articles/should-i-claim-scholarships-and-other-awards-on-taxes">http://www.fastweb.com/financial-aid/articles/should-i-claim-scholarships-and-other-awards-on-taxes</a>

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.

S

SweetieJeanAnswer

That's a taxable Scholarship of $1450.

VolvoGirl

SCH and the number entered is the amount of taxable scholarship that is included in Line 7 of Form 1040.

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