Can I exclude from taxable income the room and board portion of a grant or fellowship?
No, you cannot exclude from income any part of the grant used for room and board. A scholarship generally is an amount paid for the benefit of a student at an educational institution to aid in the pursuit of studies. The student may be in either a graduate or an undergraduate program. A fellowship grant generally is an amount paid for the benefit of an individual to aid in the pursuit of study or research. Report this amount on line 7 Form 1040 (PDF) or Form 1040A (PDF) or line 1 of 1040EZ. If you did not receive a Form W-2, please write “SCH” and the dollar amount to the left of the line.
