<p>My S received his 1098T and has $5K more in scholarships than tuition.
1. He will claim, on his 1040, the amount of scholarship, minus fees and books , as taxable income?</p>
<p>On our tax software, it has this
"The amount of Scholarships or Grants shown on the Form 1098-T is $x. This is usually the amount to enter below. However, if any grants or scholarships were included as wages on a Form W-2, then you wouldn't enter that type of scholarship or grant."</p>
<p>He didn't receive a W2 including this amount but he is listing is as income.</p>
<p>There is another help button that has this:
"If you are a candidate for a degree, the portion of your scholarship or grant used for the following is non-taxable and should be entered here.
Tuition and fees required for enrollment or attendance
Books, supplies, and equipment required for your courses"</p>
<ol>
<li>So whatever he claims as taxable income can be deducted from the scholarship amount for us and the only amount that I put in is what was spent on fees and books since he is listing taxable income?</li>
</ol>
<p>Thanks for your time</p>