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I received a 1099-MISC from the Corporation for National and Community Service. I am assuming this is from my work with AmeriCorps. Has anyone else dealth with this?
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I received a 1099-MISC from the Corporation for National and Community Service. I am assuming this is from my work with AmeriCorps. Has anyone else dealth with this?
Report the Corporation of National and Community Service 1099-MISC on line 21 of your 1040. The TurboTax location will be Less Common Income, Miscellaneous Income ( the last income item). Then select Other reportable Income. Enter the description 'Americorps 1099-MISC' and the amount. The amount will flow to line 21 on your 1040.
Because the award is taxable income, any tuition, fees, books, and supplies
paid with the amount is eligible for education credits. If your Segal Award is reported on both the
1098-T and the 1099-MISC, enter the 1099-MISC as directed above. When completing
your education section, indicate that you did NOT receive a 1098-T and you will
be able to enter your expenses without the form. Do not enter the taxable
amount of the Segal Award.
See TurboTaxBarb's answer below for reference.
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I received a 1099-MISC from the Corporation for National and Community Service. I am assuming this is from my work with AmeriCorps. Has anyone else dealth with this?
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