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1040 Line 1 has a request for SCH 3270? Does Pro Series print this schedule? It did not print with my federal filing copy.

mnymen
Level 2
This schedule results from scholarship on 1098-T that exceeds tuition, resulting in taxable income reported on line 1.
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TaxGuyBill
Level 15

It does not mean Schedule, it means that is the amount of taxable SCHolarships that were added to line 1.

 

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2 Comments 2
TaxGuyBill
Level 15

It does not mean Schedule, it means that is the amount of taxable SCHolarships that were added to line 1.

 

mnymen
Level 2

Thank you. I finally figured that out after staring at it for a while and realizing the "Schedule #" equaled the amount of the taxable scholarship income.