Scholarship/Grant Question For Taxes
Do I have to do anything special with my taxes this year because I took the WI TEACH Scholarship for school and a $500 Grant for new items for my childcare?
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scholarship
Originally Posted by WImom: |
Thanks!
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What if the $500 was not spent yet? I also received a grant award...but have not purchased anything with it yet, and will not actually receive the money until the spring
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Originally Posted by Unregistered: |
Okay now that I'm actually entering this in MMK I'm confused. I entered the amount I got on T-1098 from the college and the $500 grant in "Other Income".
now to enter them in expenses - the grant was all toys so I entered that as 100% business under toys. BUT how and where do I enter the schooling? Do I enter the amount from the T1098-T? I didn't actually pay anything out of pocket to the school for this year because I only took 2 classes total so everything equaled out with TEACH. I did pay for books out of pocket but was reimbursed for some of it. Do I just enter the difference of my books someplace as well? |
Grant
Originally Posted by Unregistered: |
Grant
Originally Posted by WImom: |
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