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Old 02-14-2014, 02:44 PM
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TomCopeland TomCopeland is offline
Business Author/Trainer
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 3,032
Default Grant

Originally Posted by WImom View Post
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?
If you paid for schooling, enter it under "Legal & Professional Services." Same thing for books you paid for.
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