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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.
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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|

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Asked 10/3/2010 11:35:57 AM
Updated 10/1/2011 2:12:21 PM
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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
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