TOM Posted February 5, 2011 Report Posted February 5, 2011 Anyone know where to report payments from a non-qualified scholarship. Quote
grmy2h Posted February 5, 2011 Report Posted February 5, 2011 Anyone know where to report payments from a non-qualified scholarship. Taxable Scholorships.... (if we are on the same page here), get reported if using Form 1040 in the total on line 7. If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount on the dotted line next to line 7. In ATX, you click on the icon next to line 7 and choose Line 7 Wages, it will bring the worksheet up and you enter it on line 4. Quote
TOM Posted February 5, 2011 Author Report Posted February 5, 2011 Taxable Scholorships.... (if we are on the same page here), get reported if using Form 1040 in the total on line 7. If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount on the dotted line next to line 7. In ATX, you click on the icon next to line 7 and choose Line 7 Wages, it will bring the worksheet up and you enter it on line 4. This is the first time I had a taxable schlorship, and I've been during returns for over 40 years. When I entered the amount on the worksheet you instructed me to go to, ATX entered the SCH for me. Thanks for your help. Tom Quote
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