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I received a one time $500 stipend from my teaching program at my university. How do I report it?
Hello friends!
I am a college student, and last summer of 2021, I received a stipend of a one time payment of $500 which was direct deposited to me. I was first told that I would be receiving a 1099 Misc, and then told a 1099-NES. However after further digging, I was told that i wouldn't be receiving one at all because the university is recommended to report any income given over $600 and I fall under that threshold. How do I report the 500$ on the 1099-NES?
‎January 27, 2022
8:08 AM