Welcome Guest. Register Now!  

Ask TaxGuru » Individual » Income » 1098T Income


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 06-27-2014, 03:00 PM
Junior Member
  
Join Date: May 2014
Posts: 19
1098T Income
If you have a 1098T with education charges (box 2) less than scholarship or grants (box 5) where do you report that additional income on the 1040?


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 07-11-2014, 02:24 PM
Junior Member
  
Join Date: Jul 2014
Posts: 2
It is reported on the same line as wages (Line 7 of the 1040) on the student's return. It will have "SCH" next to it.

Publication 970 (2013), Tax Benefits for Education


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply

« Tax-Exempt income in a Foreign country | Prize »


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
two different 1098T forms archie2013 Tax Credit 1 02-02-2014 04:01 PM
Form 1098T for H4 to F1 visa pr84 Filing Requirements 1 03-28-2012 10:35 AM
What amount of 1098T deduction can I deduct Wanda Itemized Deductions 2 02-11-2012 09:06 AM
F1 student , brother, dependent. 1098T simsim Income 7 04-02-2011 02:42 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
Ask TaxGuru?
 
Individual
 » Income
 » Estimated Taxes
 » Capital Gains
 » Itemized Deductions
 » IRA/Sep
 » Rental Real-Estate
 » Alternative Minimum Tax
 » Filing Requirements
 » Sole-Proprietorship
 » Medical
 » Auto Expenses
 » Social Security
 » Tax Credit
 » Depreciation
 » Divorce Tax Issues
 » Homeowner Tax
 » Multistate
 
Corporations
 » C-Corporation
 » S-Corporation
 » Limited Liability Company
 » Payroll
 » Multistate Tax Issues
 » Non-Profit Organisation
 » Trusts and Gift Tax Returns
 
Forum for CPAs
 » CPA Forums
 
Financial Planning
 » Estate Planning
 » Retirement Planning
 » Investment Strategy
 » Education Planning
 » Life Insurance
 
 » Tax News
 » Tax Calculators
 » Downloads
 » Contact Us
 
 
» Recent Tax Q&A
No Threads to Display.


Advertise - Contact Us - Ask TaxGuru - Archive - Disclaimer - Privacy Statement - Top
Copyright © 2007, AskTaxGuru.com
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0