NMF Scholarship and taxes

BamaMomof3
Wed, 26 Feb 2014 18:10:48 +0000

If you search the 1040 instruction booklet for “scholarship”, each return refers to taxable scholarship as earned income. Plus the section of the 1040 instructions that states when to use 8615 (pg. 40) does not include taxable scholarships. http://www.irs.gov/pub/irs-pdf/i1040.pdf