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Are scholarships 1099-reportable?

October 18, 2021
October 18, 2021

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Q. Are scholarships awarded to university students 1099 reportable? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) Scholarships awarded to U.S. persons (citizens, permanent residents, or individuals who have been physically present in the U.S. long enough to meet the Substantial Presence Test for treatment as resident aliens…

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