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Enter the information on the Student Information Worksheet via Scholarships, Fellowships and Grants. It will then flow onto the Wages, Salaries and & Tips Worksheet Line 13 and finally appear on Line 1 of 1040 with a note of SCH and the amount.
@dascpa wrote:Enter the information on the Student Information Worksheet via Scholarships, Fellowships and Grants. It will then flow onto the Wages, Salaries and & Tips Worksheet Line 13 and finally appear on Line 1 of 1040 with a note of SCH and the amount.
I think there's a way to enter it directly on the WS&T Wks, but I've always done it your way. If there's a taxable stipend, there are usually other education numbers flying around that have to be accounted for anyway.
Rick
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