Does my child file form 8615 if they have scholarship income - Intuit
For Form 8615, “unearned income” includes all taxable income other than earned income as defined later. Unearned income includes taxable interest, ordinary dividends, capital gains (including capital gain distributions), rents, royalties, etc.
If a 1098-T form only has a scholarship/grant on it, do I need
2019年6月5日 · Your scholarship could be considered taxable income. If your only income is a completely tax-free scholarship or fellowship grant, you don't have to file a tax return and no reporting is necessary. If all or part of your scholarship or fellowship grant is taxable then you are required to file a tax return.
1098 T Form - Scholarship and Grant Money Exceeds Tuition
2021年2月6日 · This is my first year filing as independent and I am lost with the 1098 T form I received from the college I attend. In fall 2020 I received a total of $2547.50 in grants/scholarships and I had $492 left over after tuition was paid, which I used for books. From my understanding, the extra money I ha...
Taxable scholarships, Form 1098-T, and educational credits - Intuit
2024年3月27日 · Yes, I had scholarships or other aid reported on a Form W-2 or Form 1099-MISC. No, I didn't have any scholarships reported on a Form W-2 or Form 1099-MISC . We don't have any of those forms. The only form we have is 1098-T, but we know that the scholarships covered both qualified (tuition and books) and non-qualified (room and board) expenses.
Solved: How do I find "student college grant and scholarship
2019年8月17日 · The taxable portion of scholarships is reported on the student's tax return (not the parents'), even if the student is still his parent's' dependent. The taxable scholarship should show on line 1 of the 2018 form 1040 with the notation SCH. Prior to 2018, SCH was on line 7 of form 1040 or 1040A or line 1 of form 1040EZ
I received a 1099-MISC form for a scholarship. Do I need to ... - Intuit
2019年5月31日 · Hi Carl -- thanks. As I was searching through this, I noticed a link that SweetieJean pointed me towards. In that post, I am assuming you wrote the following: "Don't enter that 1099-MSIC anywhere, except in the education expenses section under the Deductions & …
I got a $1000 scholarship and they sent me a 1099 NEC. After
2022年2月5日 · Scholarship or fellowship grants that are taxable to the recipient because they are paid for teaching, research, or other services as a condition for receiving the grant are considered wages and must be reported on Form W-2. Other taxable scholarship or fellowship payments (to a degree or nondegree candidate) do not have to be reported to the ...
Solved: 1098 T Scholarship Exceeds Tuition Questions
2022年3月6日 · The 1098-T would not go on your daughter's return, only yours. She gets the scholarship income, you get the form. You only need to enter her taxable scholarship income and keep records of how you determined it. The credit is only good for 4 years so make sure you get the full $2500 credit this year or wait.
Who enters the 1098T form, the parent or student? - Intuit
2019年6月7日 · [Information added from Super User Carl 4:55 am 4-4-17 PST] If the parent is claiming the student as a dependent on their (the parents) income tax return, then the parent enters the 1098-T Tuition form on their (the parents) income tax return.
Should I give a 1099 Misc to a scholarship recipient? - Intuit
2023年6月5日 · Scholarship or fellowship grants that are taxable to the recipient because they are paid for teaching, research, or other services as a condition for receiving the grant are considered wages and must be reported on Form W-2. Other taxable scholarship or fellowship payments (to a degree or nondegree candidate) do not have to be reported to the ...