I know we have a taxable scholarship because it’s being used for R&B. Is the 1098-T the only form a school provides, or should there be a 1099 I need to look out for? If it’s 1098-T, it’s not super clear where the scholarship is listed. It’s rolledup into another amount I think.
And since I’ve read multiple times that the 1098 T is used to figure tax credits and deductions, and I’m simply trying to report taxable portion of scholarship, my guess is that this amount is not officially singled out or reported in a separate box anywhere. And therefore I would just list it as imcome on the specified line, much like you would for cash tips if you are a waiter. Right?