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Get your taxes done using TurboTax
Yes you do have to report it as business income.
If your grant was for study or research in the pursuit of a degree, the money used to pay your qualified tuition and related expenses isn’t taxable.
However, grant income is taxable if: The scholarship or grant was for general living expenses to a non-degree student. This sounds like the case.
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February 21, 2021
6:31 AM