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Old 06-27-2014, 03:00 PM
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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?



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Old 07-11-2014, 02:24 PM
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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



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