Search found 8 matches

by PhdSMART
Thu Jan 24, 2019 3:43 pm
Forum: Recipients
Topic: Summer Class
Replies: 3
Views: 3309

Re: Summer Class

I am taking online summer classes as a requirement for my degree program. If it doesn't interfere with your internship and is required to graduate then I do not see why you cant. You can always ask.
by PhdSMART
Wed Feb 07, 2018 3:54 pm
Forum: Recipients
Topic: Official IRS direction on Fellowship Taxes (NOT SE income)
Replies: 27
Views: 26597

Re: Official IRS direction on Fellowship Taxes (NOT SE incom

I stopped reading this thread 3 sentences in when you said it was shown in Box 7 (Not really, but it sounds more dramatic). For 3 years of Phase 1, my 1099-MISC from smart has always listed the amount in Box 3. I caution anyone from taking tax advice from a public forum, but how I have always done ...
by PhdSMART
Wed Feb 07, 2018 8:48 am
Forum: Recipients
Topic: How are Self Employment Tax Deductions Cheaper?
Replies: 20
Views: 17763

Re: How are Self Employment Tax Deductions Cheaper?

kbl2017 wrote:
PhdSMART wrote:Its not. Report it as scholarship income on line 7 of your 1040.
That's just $ in the box and SCH in the smaller box to the right?

Correct!
by PhdSMART
Mon Feb 05, 2018 10:55 pm
Forum: Recipients
Topic: How are Self Employment Tax Deductions Cheaper?
Replies: 20
Views: 17763

Re: How are Self Employment Tax Deductions Cheaper?

Its not. Report it as scholarship income on line 7 of your 1040.
by PhdSMART
Mon Feb 05, 2018 2:26 pm
Forum: Recipients
Topic: 1099s?
Replies: 13
Views: 10574

Re: 1099s?

Just got it today. Anyone else who got their 1099 have income reported in box 3 or 7? Think on the bright side of it being considered self employment. Deductions, deductions, DEDUCTIONS! School supplies, travel related to SMART, a car for school, gas to get to school, that desk you bought to do hom...
by PhdSMART
Mon Feb 05, 2018 1:50 pm
Forum: Recipients
Topic: 1099s?
Replies: 13
Views: 10574

Re: 1099s?

Just got it today. Anyone else who got their 1099 have income reported in box 3 or 7?
by PhdSMART
Mon Feb 05, 2018 1:27 pm
Forum: Recipients
Topic: Tax memo
Replies: 7
Views: 5548

Re: Tax memo

Can I get a copy of that memo as well? Also I just received my 1099 and it was reported in box 7. However from my previous understanding and previous 1099s it should be reported in box 3?