imjulier Posted April 12, 2009 Report Share Posted April 12, 2009 I hope someone knows something about this. I have a client who received a stipend from the United Negro College Fubd and amounts have been reported to her on 1099 Misc. Looking at the Master Tax Guide shows that this amount can be off-set by tuition, books, fees, etc required for attending school. For my client, this will actually leave about $4,000 as taxable. Presumably, this should go on Sch C but is it really subject to SE tax? Thanks for your help on this late-comer. Julie Quote Link to comment Share on other sites More sharing options...
grandmabee Posted April 12, 2009 Report Share Posted April 12, 2009 no it goes on line 7 with sch and fellowships. bunny hop I don't know why came on 1099 the one I have came with a letter and then next year was on a w-3 with no ss or medicare. She could even contrib to the 401 k plan based on that money. the W-2 looked really weird Quote Link to comment Share on other sites More sharing options...
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