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Is a $300 stipend for teaching a class to senior citizens at a university taxable if a 1099misc is not issued?

fathercar
Level 1
 
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2 Replies 2
sjrcpa
Level 15

Yes. All income from whatever source derived is taxable unless there is a statutory exclusion. Lack of a 1099 doesn't matter.


ex-AllStar
IRonMaN
Level 15

Hopefully the class being taught wasn’t “How to Prepare Income Tax Returns” 😬

Armpit sniffer. Yup, checked out the help wanted ads and found the job. With my nose, how can I go wrong?