What amount of Grants and Scholarship is Taxable? My wife was given grant/fellowship money to gain certification within Nursing.
Some of it was for living expenses and tuition and books etc.
I believe most or all of it is not taxable if used for higher education
I see no place to report this on my forms, but I don't want to leave it out of my return and trigger an audit.
Bottom line is if this is fellowship money and it is used for higher education and not taxable, where do I report the 1099-MISC?
Last edited by TaxGuru : 03-13-2008 at 11:32 AM.
Reason: Clarity
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