Indicate whether each of the items listed below would be (a) included in gross income or (b) excluded from gross income for the 2019 tax year.
-Scholarships for tuition and books
A)Included
B)Excluded

Question

Quizplus · Accepted Answer

Scholarships for tuition and books are generally excluded from gross income if they are used for qualified education expenses such as tuition, fees, books, and supplies required for courses. However, if the scholarship is used for non-qualified expenses such as room and board or travel, then that portion may be included in gross income.

Indicate Whether Each of the Items Listed Below Would Be