My daughter received a 1099 Misc with 3000 reported in box 3 from the company that awarded her a scholarship. The 3000 is a nontaxable scholarship she received and used on tuition and qualified expenses. She also received a 1098 T from her school. My husband and I claim her as a dependent and use the 1098 T on our taxes for the education credit. How do we handle the 1099 Misc that is in her name? If she enters it on her taxes TT wants to treat it as business income and do a Schedule C. If it is supposed to be nontaxable scholarship money how do I enter it into TT tax so that it is handled correctly?
