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Is the Solano Community College in Fairfield, CA a good place to enter?

Where do I enter the amount from my 1098T on to my tax forms?

  • I am trying to use the H & R basic edition on line and do not see a place to enter the amount shown on the on line 1098T I received for my scholarship amount. I understand that the scholarship is tax fre, unless some of it is not used for qualified expenses. The on line 1098T shows one amount of 6400 dollars, which is more than what my expenses for books, tuitions, ect were for 2011. I go to a community college. This is my third and last year, but first year I received one of these notices of a 1098T. My situation has not changed much in the 3 years. Where do I report the amount on the tax for for the 6400 dollars? I do not see it. I am worried and wondering how much tax I am going to owe on this 6400 dollars. I might have used half of that for qualified expenses, but am not sure. Please help.

  • Answer:

    if you are a dependent, you don't look at form 8863 to see what you need to report

Michelle Dee at Yahoo! Answers Visit the source

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If you are a dependent of your parents, you give them the 1098-t and they use it to obtain education credits If you did not provide MORE than half your own support, you are a dependent, and if they could claim you, even if they didn't, you cannot claim yourself as dependent Read up on Education Credits in Pub 17, online at www.irs.gov Figure out what your qualified expenses were. . . . .don't include commuting, housing

Q: Did you happen to mark "I can be claimed as a dependent on someone else's return"? If so, the 1098-T belongs to those people (your parents) so maybe H & R defaulted to not letting you fill out the 8863. [ < just a guess ]. {The 8863 then directs you to the correct line(s) on the 1040.} The 1098-T will tell you what your tuition bill was; then add up the costs of your text books (either from your receipts, or a trip to the bookstore); and other qualified expenses; and subtract that sum from the scholarship money, and that is income to you. {I agree with posting it on line 21.} After you get to AGI - adjusted gross income - and then beyond, you will know how much of your income was / is taxable. [note that not all of the $6400 is taxable, like you seem to ask.] see (and download) the form 8863 at irs,gov

If you want to simply declare income, you can always do it on form 1040 line 21.

If you only used half your scholarship for qualifying expenses, what did you use the other half for?

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