LizPS
Level 4
03-17-2024
04:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a 22-yr old taxpayer. She's a full-time student and lives in the state where her college is. She has $1000 of earned income. Her parents will claim her as a dependent but she pays for college with scholarships. Her 1098-T reflects $11,000 in tuition and $13,000 in scholarships. At worst I think $2000 might be taxable but why is Proseries Basic reporting the full $13000 at taxable?
What am I missing?
Labels