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Level 2
March 19, 2021
Question

Why is taxable part of scholarship (in excess of tuition paid) not flowing to form 1040 when the scholarship in question is for a dependent student and not the taxpayer?

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3 replies

March 19, 2021

Taxable scholarships go on the student's tax return, not the parents' tax return.

Level 2
March 19, 2021

even if the taxpayer claims the student as a dependent ?

March 19, 2021

Yes.