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bitzy375
March 3, 2020
Question

Do I have to file 1099-Misc, if the money was from a grants paid to my school by the National Science Foundation to give students a stipend for undergrad research ?

  • March 3, 2020
  • 1 reply
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1 reply

H
HelenC12
March 3, 2020

Yes, if you receive form 1099-MISC, you enter it on your tax return. 

 

Scholarships, fellowships, Pell grants and other grants received by registered students who are working towards a degree at a college, university, or other accredited educational institution are generally nontaxable as long as the money is used for qualified education expenses. 

 

On the flip side, you can't claim education credits or deduct expenses that were paid with these tax-free funds.

 

Here's more info:

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