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Non-qualified scholarship amounts
June 29, 2023
Q. Would the non-qualified portion of a university student's scholarship (i.e.. expenses that are not qualified tuition or related expenses) reportable on the 1099 Form?
A.
(Answered by IOFM's third-party tax experts)
No; not reportable. Non-qualified scholarship amounts are included in the student's gross income, but the federal tax regulations provide a specific exception to Form 1099-MISC reporting of those amounts. Reg. sec. 1.6041-3(n): "Payments for which no return of information is…
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