My child receives a full education scholarship that pays for tuition and books. They also receive a stipend for living expenses while attending school. How is the stipend taxed? I have seen both to claim as self employment income and to add in to other income that did not receive a 1099. We did receive a 1099 Misc for this income but it is not self employment and if I go that route, information is asked about the business and a code is needed. I do not have this information as this is not a business or actually income from work. Please help. My child did have earned income of about $10,000 for the year in addition to this stipend.
