What tax forms report scholarship and fellowship awards as income?

 

For U.S. recipients, all scholarship and fellowship award income is considered taxable except that which can be reduced by qualified tuition payments. For foreign recipients, taxability of awards may vary depending on tax treaties between the U.S. and the country of residence.

Form 1042-S
Scholarship and fellowship income is reported on form 1042-S to foreign recipients. These forms are due by March 15 of each year. The University of Texas at Austin usually mails 1042-S forms at the end of February. 1042-S forms can also be accessed online from the My Tax Forms page of UT Direct. Questions about 1042-S forms can be sent to 1042S@austin.utexas.edu.

Form 1098-T
Scholarship and fellowship income is reported on form 1098-T to U.S. recipients who paid tuition to The University of Texas at Austin. These forms are mailed to individuals by Jan. 31 of each year.

The 1098-T is available online to view or print. You may also request that Student Accounts Receivable mail you a printed copy of your 1098-T by emailing them at 1098T@austin.utexas.edu.

Related information:
IRS.gov: Frequently Asked Scholarship Tax Questions and Answers