wjh4848
Level 2
12-06-2019
04:34 PM
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My clients dependent son is a graduate student for all of 2017. His scholarships exceeded his tuition by $2,735 because he is a graduate assistant. Where & how is that input?
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Level 11
12-06-2019
04:34 PM
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On the son's return.
Taxable Scholarships and Fellowships Alimony and Other Income Screens 14; Codes 8,58
Enter the taxable portion of scholarships and fellowships not reported on Form W-2. The program includes this amount on the Wages line of Form 1040 and also includes a footnote for the item with the description "SCH."
Be aware that this is not considered earned income for Kiddie Tax purposes.