topic My son's W2 totaling $5718 & his 1098-T shows his grant/schol is more than pymts/tuition a dif of $2552.00. His return shows 1098-T info. Will he claim this as self empl? in Education

My son's W2 totaling $5718 & his 1098-T shows his grant/schol is more than pymts/tuition a dif of $2552.00. His return shows 1098-T info. Will he claim this as self empl?

spencer0666 — Sat, 01 Jun 2019 15:09:33 GMT

No. A 1098 is not self employment. A 1099Misc is for se...

VolvoGirl — Sat, 01 Jun 2019 15:09:35 GMT

No. A 1098 is not self employment. A 1099Misc is for self employment. You enter it as Education.

No, it will not be self-employment and not subject to sel...

Ashby — Sat, 01 Jun 2019 15:09:37 GMT

No, it will not be self-employment and not subject to self-employment tax. The income in excess of qualified education expenses will just be taxed as ordinary income.

topic My son's W2 totaling $5718 &amp; his 1098-T shows his grant/schol is more than pymts/tuition a dif of $2552.00. His return shows 1098-T info. Will he claim this as self empl? in Education

My son's W2 totaling $5718 & his 1098-T shows his grant/schol is more than pymts/tuition a dif of $2552.00. His return shows 1098-T info. Will he claim this as self empl?

No. A 1098 is not self employment. A 1099Misc is for se...

No, it will not be self-employment and not subject to sel...

topic My son's W2 totaling $5718 & his 1098-T shows his grant/schol is more than pymts/tuition a dif of $2552.00. His return shows 1098-T info. Will he claim this as self empl? in Education