<p>Daughter has worked in 2007 summer for an internship and has received a W-2 from the company. She is receiving a need-based aid from Harvard. In addition, she has received various aids in outside scholarships. When she went to her term bill account and saw a 1098 from Harvard, she has following notice </p>
<p>Harvard Student Receivables</p>
<p>Tax Documents for Student Receivables</p>
<p>Our records indicate that you do not have any Tax Documents at this time.</p>
<p>Her term bill appears as follows:</p>
<p>Fall 2007 Term Bill
Date Description Charges Credit 7/2007 taxfree Tuition - College 5,728<br>
7/2007 taxfree Blue Cross/Shield Health Insurance 681
7/2007 taxfree Student Health Fee - College 713<br>
7//2007 taxfree Student Services Fee - College 1,058
7/2007 taxfree Undergraduate Council Fee 75
7/2007 taxable Room Rent - College 2,927.50<br>
7/2007 taxable Board - College 2,383.00<br>
MULTIPLE Scholarship - Harvard 17,775 10/2007 Total outside scholarship 3500<br>
Total for Fall 2007 Tax free tuition Scholarship
18,255.00 21,275
Spring 2008 term Bill
Date Description Charges Credits
11/2007 Scholarship - Harvard 1,250<br>
12/11/2007 taxfree Tuition - College 15,728<br>
10/2007 taxfree Blue Cross/Shield Health Insur 681<br>
12/2007 taxfree Student Health Fee - College 713<br>
12/2007 taxfree Student Services Fee - College 1,058<br>
12/2007 taxable Room Rent - College 2,927.50<br>
12/10/2007 taxable Board - College 2,383.00
12/11/2007 Scholarship - Harvard 15,325<br>
10/2007 Total outside scholarships 2,750
1/14/2008 Robert C. Byrd Scholarship 750
Parental payment xxxxxxxx
Total for spring 2008 Tax free tuition Scholarship 18,180 18,075 =18255+18180 =21275+18075
Toatl for year 2007 36,435.00 39,350</p>
<pre><code> Thus taxable scholarships amount is =41350 39435= 2,915.00
</code></pre>
<p>If I deduct the charges for the books and computers and printer etc. then $2,915 is the taxable income that I need to add to her summer internship income. Am I right to say that?</p>
<p>In essence, what I am including and what I am not including in determining taxes on these scholarships? Also, for scholarships included in Spring 2008 bill but listed as being received in 2007, do I need to include these on the 2007 taxes? </p>
<p>I know the room rent and board are taxable income. </p>
<p>Are the following items tax-deductible or not? 1. Blue Cross/Shield Health Insurance, 2. Student Health Fee College, 3. Student Services Fee College, 4. Undergraduate Council Fee</p>