Hal_Al
Level 15

Self employed

Q.  Would this still be true if the school reissues as a 1099-MISC?

A.  Simple answer: Yes.  Income on a 1099-MIsc is usually unearned income  and thus, subject to the $1150 filing threshold, above.

 

Technically, if you're going to treat it as taxable scholarship*, rather than misc./other income, the $12,950 filing threshold applies.  But still the IRS has a 1099-Misc. in their system.  They're not as aggressive about the 1099-Misc, as they are with the 1099-NEC. 

 

*Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $12,950 filing requirement and the dependent standard deduction calculation (earned income + $400).  It is not earned income for the kiddie tax and other purposes (EIC. IRA contributions or additional child tax credit).