1098-T portion is Taxable-Where in ATX

[barosser]

Client has 6k in box 1 of 1098-T with over 16K in box 5. This creates a taxable amount. How does this flow within ATX to line 7 with the SCH on the dotted line.

Thanks in advance

[Pacun]

How do you know that it is taxable? Did you ask the client about the details?

[Jake]

If any of it is taxable (which I doubt) it would go on line 21 of the 1040.

[Lion EA]

Or, line 7. You'll have to ask questions to learn the facts and circumstances.

[Hahn1040]

The difference may very well be taxable. IF student is an undergraduate and the scholarship is greater than "qualified tuition expense" To enter on line 7: On the 1040 click the tab for line 7 and add the taxable amount on line 4 for Scholarship and fellowship grants not reported on W-2.