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JKCPA
JKCPA, CPA
Category: Tax
Satisfied Customers: 5884
Experience:  CPA with tax experience.
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nicole is a student at USB law; she receives a $52,000 scholarship

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nicole is a student at USB law; she receives a $52,000 scholarship for 2010. Of the $52,000, $40,000 is used for tuition, $5,000 is used for books and $7,000 is used for room and board. How much of the scholarship is taxable income for nicole in 2010
Submitted: 5 years ago.
Category: Tax
Expert:  JKCPA replied 5 years ago.
Hi,

Thanks for your question.

Only the $7,000 for room and board is taxable income to nicole.

Hope this helps!
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