in Education
Received a 1099-NEC from the Texas Higher Education Coordinating Board as part of the Teach for Texas Loan Repayment Assistance Program. This is a 3rd party and I am not employed by them. When I attempt to add the 1099-NEC, none of the options presented seem to apply. It doesn't seem like it would be considered Self employment income, Farm income, Hobby, Lawsuit settlement, Medicaid waiver payments that qualify as difficulty of care, or Income that should've been reported on a W-2.
How should I report this accurately and make sure I don't incur any additional unneeded tax consequences?
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The best way to report this is as Miscellaneous Income. Follow these steps:
In the Federal under Wages & Income
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