Question: My daughter received a 1099-Misc from her college for a $3,000 education grant to study a foreign language.?
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Answer #1:
Don't pay the taxes and it should just go awayAnswer #2:
It's not a grant. It's taxable income--and taxable for SE tax purposes too ($424).What she spent the money on does not change this.
However, now that the money is after-tax, the tuition can be used with the education deduction/credit.
Answer #3:
Have the college issue a corrected form.** Powered by Yahoo Answers