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1099NEC
I have a client who is a retired principal from a private school and as part of his benefits of retirement they pay for his grandchildren tuition at that school. He received a 1099 NEC for the tuition amount $70,800. While he was working they included it on his W-2 and withheld federal state FICA , and Medicare. My question is I understand that it is taxable, but is it subject to SE Tax?
‎February 20, 2025
4:25 PM