Hello! We have used Turbo Tax for many years--and now our children use it for their taxes. I have two questions that are sort of related:
1) My wife is a public school teacher. She was elected President of her district's teacher union. When she gets paid her annual stipend, it is reported on a 1099-MISC. I just want to double check.....in the eyes of the IRS, they are saying that she is Self-Employed because of this stipend. Is that correct? Does that mean that she can deduct any expenses related to that job?
2) Each summer, my wife has been accepted to a teacher-program that reimburses her a lump sum of money (instead of for individual expenses. They always report the pay on a 1099-NEC form. This also seems to have the same effect of saying that she is "Self-Employed". Again, is that correct? Does that mean that she can deduct any expenses related to attending that program?
