Question and answer
How would you report a college scholarship for tuition expenses on your tax return?
You can take a tax deduction for college tuition. It is reported directly on Form 1040 or Form 1040A.
Get an answer
Ask Weegy or search for an answer now. (Free)
Original conversation
User: How would you report a college scholarship for tuition expenses on your tax return?

Weegy: You can take a tax deduction for college tuition. It is reported directly on Form 1040 or Form 1040A.
ripvic|Points 276|

User: form 1040

Weegy: Whether you must report your scholarship or fellowship depends on whether you must file a return and whether any part of your scholarship or fellowship is taxable. [ If your only income is a completely tax-free scholarship or fellowship, you do not have to file a tax return and no reporting is necessary. If all or part of your scholarship or fellowship is taxable and you are required to file a tax return, report the taxable amount as explained below. You must report the taxable amount whether or not you received a Form W-2. If you receive an incorrect Form W-2, ask the payer for a corrected one. How you report any taxable scholarship or fellowship income depends on which return you file. Form 1040EZ. If you file Form 1040EZ, include the taxable amount in the total on line 1. If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 1. Form 1040A. If you file Form 1040A, include the taxable amount in the total on line 7. If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 7. Form 1040. If you file Form 1040, include the taxable amount 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. ]
Expert answered|debnjerry|Points 4274|

Question
Asked 10/3/2010 11:35:57 AM
Updated 10/1/2011 2:12:21 PM
1 Answer/Comment
New answers
Rating
1
How would you report a college scholarship for tuition expenses on your tax return? THE ANSWER IS: excluded from reporting as income
Added 10/1/2011 2:12:21 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
16,964,712 questions answered
Popular Conversations
Given: 9x > -36. Choose the solution set. {x | x 4} {x | x ...
Weegy: Hi.welcome to weegy.Kindly state the choices of your question.Thanks for using weegy. [smile] User: Given: 9x ...
7/29/2014 10:24:41 AM| 5 Answers
Fill in the blank with the appropriate number. 2/5* ____ = 1
Weegy: A blank is a type of cartridge for a firearm that contains gunpowder but no bullet or shot. When fired, the ...
7/29/2014 5:56:58 PM| 4 Answers
features of a simple network and the network infrastructure for alarg ...
Weegy: The simple network consists of two or more connected computers and the basic network components include ...
7/29/2014 5:02:00 AM| 3 Answers
A line has a slope of 1/2 and a run = 50. What is the rise?
Weegy: Slope = rise/ run Rise = slope x run = 1/2x50 = 25 User: Find the next term of the given sequence. 1.31, 2.54, ...
7/29/2014 8:35:14 AM| 3 Answers
One person can do a certain job in twenty-one minutes, and another ...
Weegy: 12 min User: Which of the following equations has only one solution? x 2 = 9 x(x - 1) = 9 x 2 - 6x + 9 = ...
7/29/2014 11:13:10 AM| 3 Answers
A boat that travels 23 miles per hour in still water is traveling ...
Weegy: 75 miles User: Solve the following system of equations by the substitution method. 5x = y + 6 2x - 3y = ...
7/29/2014 1:55:03 PM| 3 Answers
Which of the following points is in the solution set of y User: Find ...
Weegy: The center of the circle is (2,6). User: Which of the following sets could be the sides of a right ...
7/29/2014 8:47:02 AM| 2 Answers
The sum of 1/6, 2/3, and 1/4 is
7/29/2014 10:01:22 AM| 2 Answers
What makes the EPA one of the weakest agencies? a. funded mandates c. ...
Weegy: a. funded mandates User: When Congress establishes a cost for crops, it is called a(n) a. price ...
7/29/2014 2:22:51 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 2440 [Total 21440]| Ratings 1| Comments 2430| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 2255 [Total 17384]| Ratings 0| Comments 2255| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 2193 [Total 14747]| Ratings 1| Comments 2183| Invitations 0|Online
S
L
1
Points 1687 [Total 3870]| Ratings 2| Comments 1667| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1447 [Total 7624]| Ratings 2| Comments 1427| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 1005 [Total 10613]| Ratings 0| Comments 1005| Invitations 0|Offline
S
1
L
Points 858 [Total 4534]| Ratings 2| Comments 838| Invitations 0|Offline
S
P
C
L
P
L
1
Points 816 [Total 5870]| Ratings 4| Comments 776| Invitations 0|Offline
S
Points 165 [Total 169]| Ratings 0| Comments 155| Invitations 1|Offline
S
R
R
Points 160 [Total 348]| Ratings 1| Comments 140| Invitations 1|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.