You have new items in your feed. Click to view.
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
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.
Questions asked by the same visitor
Which two ratios are most commonly used by mortgage lenders to evaluate the ability to pay a mortgage loan?
Weegy: I cannot say for sure, if you plan well and spend wisely it will get better :) User: What is the term used to describe the situation when a person dies without a valid will? Weegy: a. Values (More)
Question
Updated 10/3/2010 11:24:55 AM
1 Answer/Comment
The term used to describe the situation when a person dies without a valid will is intestate.
Added 10/3/2010 11:24:55 AM
27,052,034 questions answered
Popular Conversations
Select the correct difference. 5d 2 + 4d - 3 less 2d 2 - 3d + 4
Weegy: (5d^2 + 4d - 3) - (3d^2 - 2d + 4) = (5d^2 - 3d^2) + (4d + 2d) + ( - 3+ -4) = 2d^2 + 6d - 7 User: If ...
2/26/2017 3:51:53 PM| 3 Answers
a. sperm and egg will be released simultaneously. b. only the fittest ...
Weegy: Internal fertilization takes place inside the female after insemination through copulation. User: This type ...
2/27/2017 12:15:39 PM| 3 Answers
The Romans: made improvements to surgical instruments. 2) built ...
Weegy: In the late 1860s, the development of anesthetics allowed surgeons to take more time with operations.
2/26/2017 3:41:44 PM| 2 Answers
Evaluate (-3 + 5)0 User: Evaluate x1 - x-1 + x0 for x = 2. ...
Weegy: 0.514 written as a power of 10 is 514 ? 10^-3 User: The scientific notation 2 x 102 has what value? ...
2/26/2017 4:37:24 PM| 2 Answers
Helper T cells are _____ blood cells that activate your body's immune ...
Weegy: Helper T cells are WHITE blood cells that activate your body's immune response. User: Pelvic inflammatory ...
2/26/2017 11:44:59 PM| 2 Answers
What is our most abundant and least used renewable energy ...
Weegy: Solar energy is our most abundant and least used renewable energy source. User: Which of the following is a ...
2/27/2017 8:39:12 AM| 2 Answers
Weegy Stuff
S
P
P
L
Points 491 [Total 1260] Ratings 2 Comments 471 Invitations 0 Offline
S
P
P
L
P
P
Points 447 [Total 2421] Ratings 1 Comments 437 Invitations 0 Offline
S
P
P
L
P
Points 229 [Total 1443] Ratings 0 Comments 229 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 24 [Total 24] Ratings 0 Comments 14 Invitations 1 Offline
S
Points 15 [Total 15] Ratings 1 Comments 5 Invitations 0 Offline
S
Points 12 [Total 112] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 12 [Total 22] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.