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Old 01-07-2013, 07:15 AM
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Fellowship as Income

I have two fellowships that were issued to me to conduct research as a type of service for having both fellowships. They are not issued for degree purposes and I am not pursuing a degree. Is this income considered wages?



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Old 01-08-2013, 04:31 AM
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“I have two fellowships that were issued to me to conduct research as a type of service for having both fellowships. They are not issued for degree purposes and I am not pursuing a degree. Is this income considered wages?”-------> Then, they are treated as wages; a fellowship is generally an amount paid for the benefit of an individual to aid in the pursuit of study or research.A scholarship or fellowship is tax free only if You are a candidate for a DEGREE at an eligible educational institution,You use the scholarship or fellowship to pay qualified education expense, and it does not represent payment for teaching, research, or other services required as a condition for receiving the scholarship/fellowsahip.So as long as your scholarship or fellowship does not meet the requirements described above, it is taxable. The following amounts received may be taxable. Amounts used to pay expenses that do not qualify; Payments for services;Scholarship prizes.



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