Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Tax Treatment of a tuition credit for duties as resident assistant
Tax Treatment of a tuition credit for duties as resident assistant
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
jnd2546
Level 4
02-14-2022
12:46 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If a student receives a room and board tuition credit for performing the duties as a resident hall assistant (RA), is that treated as income same as if they received a scholarship that specifically provided R&B funds?
Thanks!
Labels
3 Comments 3
jeffmcpa2010
Level 11
02-14-2022
12:47 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What kind of a statement did he receive reporting the value?
jnd2546
Level 4
02-14-2022
12:57 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Just shows credits on their account statement;.. The values are also included under the "Scholarship and Grant" box of the 1098-T. ( but services of course are provided")
jeffmcpa2010
Level 11
02-14-2022
01:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If it were me I would just treat them the way scholarships reported on 1098-T are reported.
