Hi, there are two things to consider with Stipends:
1. Is the stipend taxable?
2. Is the stipend considered self-employment subject to self-employment taxes?
Taxable Stipend?
Stipends are taxable depending on what they are used for. If the stipend is used for qualified education expenses, you would not have pay taxes on any amount used for those qualified education expenses.
If the stipend is used to pay room and board or other expenses, then the stipend is taxable.
Self-Employed?
If you received a stipend that is related to education, fellowship/internship, etc., and if it’s considered taxable income, then you will need to report it on your tax return as scholarships and grants.
If your stipend is in conjunction to performing duties, such as clerical work, research, etc., then the payment is considered self-employment income, and this will need to be reported on a Schedule C instead.
The link below provides additional information
https://turbotax.intuit.com/tax-tips/college-and-education/taxes-for-grads-do-scholarships-count-as-...
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