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February 12, 2020
Question

Housing Scholarship

  • February 12, 2020
  • 1 reply
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I received a $6,000 housing scholarship from my graduate school designed to assist with my rent.  I received a 1099 MISC form and no taxes were taken out.  Do I need to claim this as income or just omit the form since no taxes were taken out?

    1 reply

    February 12, 2020

    Yes, in general, you would need to report it as income- but depending if it was a scholarship vs. stipend exchanged for services and if you had other income, you may not be required to file.