TaxGuyBill
Level 15
02-22-2025
12:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@BobKamman wrote:
Teacher is in a 12% bracket so reporting the $3,000 as "other income" might avoid CP-2000 wanting tax plus SE tax on it.
That is the easiest way.
Whether or not that should actually be classified as a "scholarship" and be tax-free against the tuition, I'm not sure.