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DolphJack31
Returning Member

1099-NEC Stipend

I was in a research seminar class where I received a stipend. It was not a paid internship. Therefore, I received a 1099-NEC, but did not receive a W-2.

 

When prompted, should I list myself as "business--self-employed", even though I was not actually self-employed?

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1 Reply
CesarJ
Employee Tax Expert

1099-NEC Stipend

Yes, since you recieved a 1099-NEC, the IRS treats that income as nonemployee compensation, even if you don't consider yourself self-employed. In TurboTax, you should enter the 1099-NEC as self-employment income so it is reported correctly. 

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