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Required Internship 1099 NEC
My son completed a college internship required of his degree plan. The company he interned with sent him a 1099 NEC showing compensation of less than than $10,000. When I enter the 1099 NEC into TurboTax it treats him like he is a business showing he owes taxes. Is this correct?
Since this internship was away from home and school, there were more expenses than income related to the required internship. Is the a avenue to offset the tax with the expenses?
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March 31, 2024
3:20 PM