Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

CAN/SHOULD I REPORT A 11,000 FELLOWSHIP ON SCHEDULE C SINCE…

Customer Question
CAN/SHOULD I REPORT A...

CAN/SHOULD I REPORT A 11,000 FELLOWSHIP ON SCHEDULE C SINCE THE TAXPAYER HAS ONLY TRAVEL EXPENSES

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

TAXPAYER RECEIVED A SIEMANS FELLOWSHIP TO WORWK ON RESEARCH IN BERLIN GERMANY AT HUMBOLDT UNIVERSITY. THEY ARE PAYING (AS A GIFT) HIS HOUSING AND FOOD FOR ENTIRE YEAR BUT TRANSPORTATION (MOSTLY FLIGHTS) TO OTHER LOCLITIES NECESSARY ARE HIS OWN EXPENSE. HE IS PROFESSOR IN US AND NOT REALLY 'IN BUSSSINESS' BUT I WONDERED IT SCHEDULE C WOULD BE APPROPRIATE SO HE COULD GET FULL ADVANTAGE OF WRITE OFFS OR IF IT MUST BE REPORTED ON LINE 7 AND THE EXPENSES ON SCHEDULD A (SUBJECRT TO FLOOR )

Submitted: 3 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 5 minutes by:
3/18/2018
Tax Professional: Barbara, Enrolled Agent replied 3 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,184
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

You report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows:

https://www.irs.gov/taxtopics/tc421

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Ask Your Own Tax Question
Tax Professional: Barbara, Enrolled Agent replied 3 months ago

Just following up with you to see if you have any other questions. If so, please let me know so I can continue to assist you.

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,184
6,184 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
On schedule c-ez ,I gave my tax accountant the wrong figure
On schedule c-ez ,I gave my tax accountant the wrong figure amount on my self employtment. I needed 3 credits to quafily for social security and came up short by $58.24. I just need to claim $100.00 l… read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
VA form asks for adjusted gross income (disability form). We
VA form asks for adjusted gross income (disability form). We file joint; can we separate his income from mine for the form? How? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
On page 2 of Schedule C I am supposed to take the inventory
On page 2 of Schedule C I am supposed to take the inventory purchased at the year beginning send subtract from that the inventory at year end. My problem is, how to reflect the value of used items whi… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,047 satisfied customers
Should i use Schedule C, or Form 2106 for my home office
Should i use Schedule C, or Form 2106 for my home office expenses? i work as a salaried employee 5 days a week out of a dedicated home office, which is for the convenience of my employer. I wish to cl… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
Using the 7.5% of gross income for out of pocket medical
using the 7.5% of gross income for out of pocket medical expenses, can I use any part of my assisted living rent? … read more
Barbara
Barbara
Enrolled Agent
6,184 satisfied customers
I am the manager for a band and I am filing a schedule c to
I am the manager for a band and I am filing a schedule c to show business exspenses. Is this sent along with a 1040 and a 1099 misc for federal? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
What I need to file is the 1040NR and the Schedule C. Is
What I need to file is the 1040NR and the Schedule C. Is there anything else I need to file as a visitor with a J-1 visa?If I have been on the J-1 visa internship program since September 2017, am i Re… read more
Barbara
Barbara
Enrolled Agent
6,184 satisfied customers
I have 2 W-2 forms entered into my taxed. I have 2 W-2 forms
I have 2 W-2 forms with very similar income and withholding entered into my turbo tax program. After I entered the second w-2 (again, similar income and withholding) the amount of my refund is significantly less. Why is that? … read more
Carter McBride
Carter McBride
LLM
1,153 satisfied customers
For the form schedule C; line 27b. is that the amount i put
hello, for the form schedule C; line 27b. is that the amount i put for the excess of start up costs that im not allowed to claim in the first year? Therefore, the remaining amount i have to amortize/d… read more
Carter McBride
Carter McBride
LLM
1,153 satisfied customers
Filing online. On tax form it asks for taxable amount (2b)
Filing online. On tax form it asks for taxable amount (2b) on a distribution from an IRA rollover account Form 1099-R. There is no amount given, just an X in a box and saying taxable amount not determ… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Can a married LLC Partnership file schedule C on their 1040
Can a married LLC Partnership file schedule C on their 1040 with their W2 income? And if so if they fie separate sch C how do they go about it? … read more
Barbara
Barbara
Enrolled Agent
6,184 satisfied customers
Where do you deduct DD on your W-2 form? On W-2 form I have
Where do you deduct DD on your W-2 form? JA: The Accountant will know how to help. Please tell me more, so we can help you best. Customer: On W-2 form I have $6120.Cost of health coverage. JA: Is ther… read more
abci168
abci168
Principal
27 satisfied customers
I screwed up on my employees w-2 form. They filed and the
I screwed up on my employees w-2 form. They filed and the IRS is asking for their last 4 pay stubs. As I was getting this together I realized my mistake. Can I reissue a w-2 that is correct and now th… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Taxpayer amended 2015 tax return to report schedule C
Taxpayer amended 2015 tax return to report schedule C income. Note schedule C was never file on original return. Can taxpayer claim Sec 179 deduction on the amended return for 2015… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
How would I list on a Schedule C tax form as an Uber Drive
How would I list on a Schedule C tax form as an Uber Drive 'Principal business or profession'?… read more
abci168
abci168
Principal
27 satisfied customers
I will be filing using a 1040 and schedule c. Can I pay
I will be filing using a 1040 and schedule c. Can I pay myself W-2 wages, pay the taxes? Or do I have to create an entity to employ me? Corp or LLC … read more
abci168
abci168
Principal
27 satisfied customers
On a NJ W-3 form, is line 3 the NJ Gross income tax withheld
On a NJ W-3 form, is line 3 the NJ Gross income tax withheld or is that supposed to include unemployment tax, FLI, SDI, etc... as well… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
A law firm (which is a Schedule C filer) has gross income of
A law firm (which is a Schedule C filer) has gross income of 1,000,000 & Net Income 0f 280,000. In the tax reform just passed, there is a 20% deduction for law firms that have income less than 315,000… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x