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If my school gave me a full ride, and gave me a grant of about 12,000 for room and board, does this mean that this 12,000 is considered taxable income, and will be included in my AGI?
How did everyone else file their taxes? It doesn't make sense that I have to pay ~1,000 in taxes after receiving all this grant money, considering that I am low income to begin with to even be awarded a full ride.