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Get your taxes done using TurboTax
What box on the 1099-MISC is the income reported in?\
Understand that all scholarship money is "INITIALLY" reported as the taxable income it is. It's taxability is offset by the "qualified" education expenses it is used to pay for. Any scholarhip monies not used for qualified expenses is taxable income to the recipient.
Understand that all scholarship money is "INITIALLY" reported as the taxable income it is. It's taxability is offset by the "qualified" education expenses it is used to pay for. Any scholarhip monies not used for qualified expenses is taxable income to the recipient.
May 31, 2019
5:50 PM