Tuition Assistence and 1099G forms -- do I report this as additional income?

[StormRider]

Say my work pays for my classes towards a masters degree. I get a 1099G form from the school with information on how much I paid in tuition. My employer actually paid for these classes. Do I report this as additional income? The Help Screen in TaxCut suggested that scholarships etc. that go toward tuition and books of a degree usually do not have to be reported as income. Does this mean I don't have to report this as income?

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StormRider,

Please post your tax question in the sticky tax thread in OT. A couple of our knowledgable members have volunteered to monitor this thread and help our members. This will also reduce the clutter of multiple tax threads in OT.

Thanks for understanding.

Mod

 

[tweakmm]

You would report it if you actually made 1099 Gs'.

 

[FoBoT]

only report it as income if your employer gave you a form. if it is a benefit/compensation for work, they should report it to the IRS and give you a form

 

[EagleKeeper]

Link

 

[StormRider]

Originally posted by: EagleKeeper
Link

Cool. Thanks for the link.