My son got a 1099-misc. for 1000 that he received from the Golden Apple as part of his scholarship last summer. I plug this numbers in turbo tax and he is owes money on it and it is considered business related. I do not understand how to deal with the 1099 misc. HELP!
You need to figure out where that money went. Is it a scholarship that was used for qualified educational expenses (QEE)? Was it scholarship money that got used for school-related things that aren’t QEE? Was it actually a self-employment gig of some sort?