Reporting income tax with study abroad program scholarships
Candice A McDougall
camcdoug at U.WASHINGTON.EDU
Sat Jun 16 18:34:11 UTC 2007
Hello SEELANGers,
Could anyone kindly direct me to information regarding reporting
scholarships for study abroad programs on income tax returns? Searches
of archives, Google, the IRS website have all been fruitless, and the
office of my program has not returned my email for several days (I
understand they must be extremely busy, as new groups of students have
just arrived in Russia, but I really need this information ASAP!). The
problem is that generally education expenses have to be itemized in
order to be reported and only expenses for tuition and certain other
fees, books, and equipment are deductions only if the educational
institution deems them mandatory, but room and board, etc. are not
deemed education expenses. What happens when a sizeable Title VIII
scholarship is sent as a check directly to the student along with a bill
for the all-inclusive program, which costs the entirety of the
scholarship and then some? The award letter states that the scholarship
is "provided by the US Dept. of State specifically for your
participation in [this] program." I would think it would be classified
as a non-taxable grant, however the program cost includes travel, room
and board, visa fees, etc. Surely someone else in the SEELANGS community
has been through this themselves?
Thank you,
Candice McDougall
-------------------------------------------------------------------------
Use your web browser to search the archives, control your subscription
options, and more. Visit and bookmark the SEELANGS Web Interface at:
http://seelangs.home.comcast.net/
-------------------------------------------------------------------------
More information about the SEELANG
mailing list