Jump to content
ATX Community

Recommended Posts

Posted

TP graduated college in May 2022

1098-T as follows:

Box 1 26,000
Scholarships 20,000

TP only paid $4000 out of pocket, TP qualifies for AOC on the $4K.

TP in July starts a fellowship (non education related) and earns $20,000 and receives a 1099NEC.

In the past the $20,000 would go on 1040 line 1 SCH, but now it should appear Sch 1 line r.

My question is do I have to mix the 1098-T with the 1099 to show the $20,000 on line r and the TP loses the AOC credit for the $4,000?  

Thanks

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...