barosser Posted February 28, 2010 Report Share Posted February 28, 2010 Client has 6k in box 1 of 1098-T with over 16K in box 5. This creates a taxable amount. How does this flow within ATX to line 7 with the SCH on the dotted line. Thanks in advance Quote Link to comment Share on other sites More sharing options...
Pacun Posted March 1, 2010 Report Share Posted March 1, 2010 How do you know that it is taxable? Did you ask the client about the details? Quote Link to comment Share on other sites More sharing options...
Jake Posted March 1, 2010 Report Share Posted March 1, 2010 If any of it is taxable (which I doubt) it would go on line 21 of the 1040. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted March 1, 2010 Report Share Posted March 1, 2010 Or, line 7. You'll have to ask questions to learn the facts and circumstances. Quote Link to comment Share on other sites More sharing options...
Hahn1040 Posted March 1, 2010 Report Share Posted March 1, 2010 The difference may very well be taxable. IF student is an undergraduate and the scholarship is greater than "qualified tuition expense" To enter on line 7: On the 1040 click the tab for line 7 and add the taxable amount on line 4 for Scholarship and fellowship grants not reported on W-2. Quote Link to comment Share on other sites More sharing options...
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