Which of the following portions of a scholarship would be taxable? A) Tuition. B) Fees. C) Books and course-required supplies. D) Room and board.
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Fees: Scholarships that pay for fees are also not taxable. Books and course-required supplies: Scholarships that pay for books and course-required supplies are not taxable. Room and board: Scholarships that pay for room and board are generally taxable. Show more…
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