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College Scholarship from dad's employer reported as 1099-MISC for student
Our son applied for and got a scholarship from my husband's company that was reported on a 1099-MISC Box 7 in my son's name($3000). Do we put that as a scholarship on our tax return which affects education credit negatively since he has a full tuition and fees scholarship from his college? (We have claimed him as a dependent.)Or does he report it as self employment income and file his own tax return? He had no other income in 2019.
March 9, 2020
3:02 PM