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You're not helping with entering scholarships and grants! If the scholarship exceeds the box 1 tuition it becomes a negative number! That's not accepted by your software

martin1
Level 1

You're not helping with entering scholarships and grants! If the scholarship exceeds the box 1 tuition it becomes a negative number! That's not accepted by your software

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George4Tacks
Level 15

https://accountants-community.intuit.com/articles/1607224-reporting-taxable-scholarships-and-fellows...

Solution #1- To report Taxable scholarships and fellowships on Form 1040, Line 7:

  1. Go to the screen, SS Benefits, Alimony, Miscellaneous Inc.
  2. Scroll down to the Alimony and Other Income section.
  3. Enter the taxable portion in Taxable scholarships and fellowships. (The program includes this amount on the Wages line of Form 1040 and also includes a footnote for the item with the description "SCH."

Sorry I didn't help when you first asked. 


Answers are easy. Questions are hard!

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3 Comments 3
George4Tacks
Level 15

https://accountants-community.intuit.com/articles/1607224-reporting-taxable-scholarships-and-fellows...

Solution #1- To report Taxable scholarships and fellowships on Form 1040, Line 7:

  1. Go to the screen, SS Benefits, Alimony, Miscellaneous Inc.
  2. Scroll down to the Alimony and Other Income section.
  3. Enter the taxable portion in Taxable scholarships and fellowships. (The program includes this amount on the Wages line of Form 1040 and also includes a footnote for the item with the description "SCH."

Sorry I didn't help when you first asked. 


Answers are easy. Questions are hard!
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TaxGuyBill
Level 15
That article is outdated, as it goes on Line 1 of Form 1040 now.
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martin1
Level 1
Thanks for your help guys. Prepping returns at 2AM in the morn and running into this glitch got the better of me. I apologize for my hasty comments posted.... Also, remember that the excess scholarship over the tuition expense is taxable to the student (not the parent if claimed by the parent) should the student be required to file. So, that income showing as "SCH" applies to the student's return. Sometimes the student's and the taxpayer's return are one in the same; sometimes, NOT necessarily.
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