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Self employed
Thanks. Prior posts suggest the switch to form NEC hasn't been smooth - that there used to be a fellowship exception option when the MISC was used for these, and that adding it to the education scholarships and grants under deductions gets the stipend properly treated as taxable academic fellowship money. @Opus 17 , am I misunderstanding your other posts?
And just to confirm, if it is taxable academic fellowship money, would it only be taxable IF my daughter earned total income above the $12,950 filing threshold? Because right now, after adding this stipend to her scholarships and grants, beyond what's in her 1098T, TurboTax is showing no taxes due, and I want to be sure I'm not missing anything. Her total income, counting this stipend, is well below this threshold, so I think that's why, but I'd like to be sure. Thanks so much!