Terry D EA Posted March 18, 2016 Report Share Posted March 18, 2016 Client has an educational assistance grant and received form 1099G with 6K as taxable. I know if these funds are spent on tuition and other approved items and the list of conditions are met, the only taxable portion is the amount not spent on education. The spent over 12K on tuition to a University and received form 1098T. Also, I used the amount actually paid minus the 6K for the AOC. Ok so, OneDesk does not have a taxable grant/scholarship worksheet. There is a section where the preparer can write notes and send it electronically with the tax return. My first thought was send a spreadsheet/worksheet with form 8453. Well, the 8453 doesn't have a section for this. How would any of you report this? Is there another form I am missing? I have looked and looked and looked and can't find anything. Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 19, 2016 Author Report Share Posted March 19, 2016 Just bumping this up. Still need some help with this. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted March 19, 2016 Report Share Posted March 19, 2016 Can't help with One Note. I had the same situation this year and ATX made it pretty easy. Sorry, not ignoring you, just don't have an answer. Tom Newark, CA 1 Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted March 19, 2016 Report Share Posted March 19, 2016 ProSeries has the worksheet. I don't know how you will handle it with OneDesk. Did you post in the separate OLT/OneDesk section of this forum? Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 19, 2016 Author Report Share Posted March 19, 2016 Thanks Tom and Gail, no I didn't post it there but will do so. The program just doesn't provide these type of items. I can only hope for the IRS to read the notes transmitted with the return. Maybe a phone call to the Practitioner Priority line might help. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 19, 2016 Report Share Posted March 19, 2016 The IRS has that worksheet as a downloadable pdf form. https://apps.irs.gov/app/vita/content/globalmedia/teacher/tax_treatment_scholarship_4012.pdf Perhaps you should simply paper file that return? Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 20, 2016 Author Report Share Posted March 20, 2016 Thanks KC for the link. I very well may just do as you say and paper file the return. 1 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 20, 2016 Report Share Posted March 20, 2016 That seems like the smart choice, to me. Much less chance of a later problem for the client. Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 21, 2016 Author Report Share Posted March 21, 2016 Only bad part of this for me is trying to explain why I can't e-file it due to a program that doesn't have the worksheet. It does have a worksheet but when I click on it I get a red warning that says it is for 1040 NR. Guaranteed I'm not using this stuff (I'm being nice and professional here) next year. 1 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 21, 2016 Report Share Posted March 21, 2016 Just blame it on the IRS, due to their "complicated rules for educational assistance grants." That's close enough. Quote Link to comment Share on other sites More sharing options...
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