- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Research stipend plus Room and Board grant - how to account for on student's tax return?
Our son, who we claim as a dependent, received a 1099MISC form from his college for a $6100 stipend for summer research he did. And on his 1098-T the college added $3500 in Box 5(scholarship or grants) that they provided from a scholarship fund(trust)for room and board for him during the summer. During the school year he earned about $1300 for tutoring for which he received a W-2. I am confused how he should declare these amounts on his tax return.
‎April 8, 2022
4:55 PM