IRACPA4U
Level 3

Taxpayers dependent has 1098T. Box 1(payments received) and Box 5 (scholarships) are the same but ProSeries is calculating an education tax credit based on the full amount of box 1..... I thought the net education expenses were zero then no credit would be calculated...??? 

The diagnostics states that there is a taxable scholarship amount which needs to be added to line 9 of the dependents tax return........

Correct or not correct??

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