Where do I put the amount of a 1099G box 6 that says taxable grants when using SureFire? - QuestionWhere do I put the amount of a 1099G box 6 that says taxable grants when using SureFire?
π Where do I put the amount of a 1099G box 6 that says taxable grants when using SureFire?
This article explains where to enter the amount from 1099G Box 6 (taxable grants) in SureFire.
π Answer
Based on the instructions, these are reported on line 1 the same way as for scholarships.
Enter on the 1040 worksheet 1 under scholarships.
The 1099G in TW is only for unemployment.
π Step-by-Step Guide
Step 1: Enter taxable grants like scholarships
Use this when you need to report 1099G Box 6 (taxable grants) amounts.
Report the amount on line 1 the same way as for scholarships.
Enter it on 1040 worksheet 1 under scholarships.
Step 2: If itβs scholarship/fellowship grants
Use this when your taxable grants are scholarship or fellowship grants.
Scholarship and fellowship grants are not reported on Form W-2.
Also enter SCH and the amount on the dotted line next to line 1.
Step 3: If you were a degree candidate
Use this when you were a degree candidate.
However, if you were a degree candidate, include on line 1 only the amounts you used for expenses other than tuition and course-related expenses.
For example, amounts used for room, board, and travel must be reported on line 1.
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