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cr0wt4x
New Member

I get a monthly stipend for going to school from a program in partnership with my employer. Why is this being put on a Schedule C when I am not self employed?

I understand I have to pay taxes on this amount ($3,900) but TurboTax counting it as self-employment means I'm getting nothing on my refund.
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5 Replies
ColeenD3
Expert Alumni

I get a monthly stipend for going to school from a program in partnership with my employer. Why is this being put on a Schedule C when I am not self employed?

What form was it reported on? If it was a 1099-NEC, then you either have to include it on Schedule C or get a corrected version.

cr0wt4x
New Member

I get a monthly stipend for going to school from a program in partnership with my employer. Why is this being put on a Schedule C when I am not self employed?

I received a 1099-MISC.

JeffreyR77
Expert Alumni

I get a monthly stipend for going to school from a program in partnership with my employer. Why is this being put on a Schedule C when I am not self employed?

The payments should be reported in Box 3 Other Income on the Form 1099-MISC.  Schedule C is not required for these payments and they are not subject to self-employment tax.

 

You can delete the 1099-MISC and report the income as Other Uncommon Income, Other Miscellaneous Income, Other Taxable Income.

 

I get a monthly stipend for going to school from a program in partnership with my employer. Why is this being put on a Schedule C when I am not self employed?

@JeffreyR77 while I agree this isn't subject to SE tax, if you look at the screen shot you provided, TT specifically states "Do not enter income reported on form 1099-MISC".

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
JeffreyR77
Expert Alumni

I get a monthly stipend for going to school from a program in partnership with my employer. Why is this being put on a Schedule C when I am not self employed?

Agree.  This was provided as a workaround.

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