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posted Jun 3, 2019 5:05:57 PM

I have a 1099-Misc of $950 eduction expenses reimbursed by my union. I also have $1,953 of unemployment compesnation. Do both amounts have to be considered as income?

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1 Best answer
Level 15
Jun 3, 2019 5:05:59 PM

Yes.

Unemployment is always taxable. There's even a separate line for it on form 1040 and 1040A.

Education reimbursement can be nontaxable; but the employer has to handle it on the W-2. Since you got a 1099-Misc; yours is taxable.  But, sine you paid tuition, with after tax money, you may qualify for an education credit; if the course was taken at an eligible institution.

1 Replies
Level 15
Jun 3, 2019 5:05:59 PM

Yes.

Unemployment is always taxable. There's even a separate line for it on form 1040 and 1040A.

Education reimbursement can be nontaxable; but the employer has to handle it on the W-2. Since you got a 1099-Misc; yours is taxable.  But, sine you paid tuition, with after tax money, you may qualify for an education credit; if the course was taken at an eligible institution.