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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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.
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.
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