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Get your taxes done using TurboTax
@Opus 17 As far as the relationship goes, my wife had to fill out an application to get the stipend/supplement. Amounts are based on your education level. From their website, this is the only guidance give. I think at this point we will probably just do the Schedule C. Thanks again.
Do I have to pay taxes on the supplement I receive?
Yes, because the salary supplement is income. Participants will receive an IRS-1099 form at the end of the year if they received $600 or more from Iowa AEYC during the calendar year. Recipients are responsible for reporting and paying personal income taxes due.
‎April 7, 2022
1:57 PM