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Level 2
July 4, 2022
Solved

1040 Line 1 has a request for SCH 3270?Does Pro Series print this schedule? It did not print with my federal filing copy.

  • July 4, 2022
  • 1 reply
  • 10 views
This schedule results from scholarship on 1098-T that exceeds tuition, resulting in taxable income reported on line 1.
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Best answer by TaxGuyBill

It does not mean Schedule, it means that is the amount of taxable SCHolarships that were added to line 1.

 

1 reply

Level 15
July 4, 2022

It does not mean Schedule, it means that is the amount of taxable SCHolarships that were added to line 1.

 

mnymenAuthor
Level 2
July 6, 2022

Thank you. I finally figured that out after staring at it for a while and realizing the "Schedule #" equaled the amount of the taxable scholarship income.