schirallicpa Posted February 23 Report Share Posted February 23 ummmmmmm- I must say I would like to have gotten a stipend in college for 30K to do research.....but...... I was going to put this as other income and be done with it. But then the father sends me all this information about her travel and expenses doing this research. The thought that it is SE income had not crossed my mind. Do you guys consider this SE income? Honestly - it's a lot less costly to her to just have ordinary income. And I have had other students who have gotten stipends to work for a college that I have just called it other income. Much thanks for your guys' 2 cents on this. (They don't make the cent sign on the keyboard anymore do they. Wait. Did they used to?) Quote Link to comment Share on other sites More sharing options...
Medlin Software, Dennis Posted February 23 Report Share Posted February 23 While holding down Alt, type 0162 to get ¢. Interesting topic. My maybe future DIL likely gets a stipend for services performed for her PhD advisor. They travel to and stay at an out of state location several months of the year for the research work. But, I don't ask about her finances for safety's sake. 1 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted February 24 Report Share Posted February 24 7 hours ago, schirallicpa said: Do you guys consider this SE income? It depends on the facts and circumstances. I believe the key is who has ownership of the research. I think in most cases the research is done independently and does not rise to the level of a trade or business. I don't have a cite right at the moment, but you should find your answer in the Pubs or IRS website. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted February 24 Report Share Posted February 24 https://www.irs.gov/taxtopics/tc421 https://www.irs.gov/publications/p970#en_US_2023_publink1000178003 1 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted February 24 Report Share Posted February 24 Rev. Rul. 60-378, 1960-2 CB 38 -- IRC Sec(s). 117 Marc W. Spiegelman, 102 TC 394, Code Sec(s) 117; 1402, 03/08/1994 Quote Link to comment Share on other sites More sharing options...
Lee B Posted February 24 Report Share Posted February 24 https://apps.irs.gov/app/vita/content/globalmedia/teacher/tax_treatment_scholarship_4012.pdf Quote Link to comment Share on other sites More sharing options...
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