|
|
| *Home>>>Income Fund |
How do i report my grad school fellowship to the irs? |
its from a university in MA however i was living in CA while receiving the funds. So, do i report this as CA or MA income? Whether your fellowship is taxable or not depends on the purpose for which it was used. Room, board and travel are all taxable. If you are a candidate for a degree at an eligible educational institution, tuition, fees, books, supplies and equipment are non-taxable. Refer to page 4 of IRS Publication 970 for more detail: |
| Tags |
| Investment Account Invest Money Invest in Gold Invest Fund Income Fund HYIP High Yield Hedge Fund |
| Related information |
Yes they should do something. It is time that Congress appropriated money so that IRS employees trained at great public expense can do the job they are well-trained for. ...... You have to prove your income to the bank, so that they know you can return the money. As far as security is concerned, new house will be mortgaged to the bank, till return of loan amount. ...d. let's get some tougher questions ...No. There isn't. Because not only are the economic factors far from being certain, but there's a lot more than economics involved. If you're doing something you love to do and hav... GIfts received of ANY amount are not taxable income. --A Darn Good Tax Advisor ...You might want to try a credit counseling company. I manager a finance company and credit counseling companies will deal with your creditor for you, negotiate no late fees or lower interest rates.... I'm not sure if I'm understanding your question right. It sounds like there was a trust set up before his death, correct? So the trust has been filing Form 1041 for any income that it has... |
Categories--Copyright/IP Policy--Contact Webmaster |