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Old 03-10-2006, 04:35 AM
A.G. Kalman
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Default Re: Reporting scholarship money

martin lynch wrote:

- quote -

> If all of my scholarship money was applied towards tuition,
> I understand that it is not taxed. However, do I still
> report it? Taxcut does not seem to give me the option of
> reporting my scholarship money, then specifying that none of
> it is taxable. Do I just not report it at all?


No reporting required.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #1  
Old 03-10-2006, 04:14 AM
hlunsford@bellsouth.net
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Default Re: Reporting scholarship money

martin lynch wrote:

- quote -

> If all of my scholarship money was applied towards tuition,
> I understand that it is not taxed. However, do I still
> report it? Taxcut does not seem to give me the option of
> reporting my scholarship money, then specifying that none of
> it is taxable. Do I just not report it at all?


Correct. But keep documented proof in your records for at
least three years.

ChEAr$,
Harlan Lunsford, EA n LA
thu 9 Mar 2006 [at] hh

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 03-10-2006, 04:14 AM
Phil Marti
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Posts: n/a
Default Re: Reporting scholarship money

"martin lynch" <odiegoogle[at]yahoo.com> wrote:

- quote -

> If all of my scholarship money was applied towards tuition,
> I understand that it is not taxed. However, do I still
> report it?


Nope

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 03-09-2006, 07:44 PM
martin lynch
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Posts: n/a
Default Reporting scholarship money

If all of my scholarship money was applied towards tuition,
I understand that it is not taxed. However, do I still
report it? Taxcut does not seem to give me the option of
reporting my scholarship money, then specifying that none of
it is taxable. Do I just not report it at all?

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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