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- Why doesn't dependants taxable part of scholarship show up as taxable income?
Why doesn't dependants taxable part of scholarship show up as taxable income?
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gfpstaxes
Level 4
03-25-2022
12:55 PM
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I have a HOH client. They made $28,066 in wages.
She went to college and her 1098-T shows $17,895 in box 1 (tuition) and $6,444. in box 5 (scholarships).
Her son/dependent was 21 in tax year and also went to school. His 1098-T shows $53,159. in box 1 and $64,374. in box 5.
I would think that the difference between box 1 and box 5 for the son's 1098-T would be taxable income, but that doesn't automatically populate in ProSeries.
Am I missing something or do I have to enter it manually in the Wages, Salaries & Tips worksheet?
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1 Comment 1
sjrcpa
Level 15
03-25-2022
12:56 PM
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It's taxable on his return, not parent's.
The more I know, the more I don't know.
