In Paying for College—a Handy-Dandy Strategy, you learned that you could pay your college student, for example, $23,255 for a one-time job that was not subject to self-employment taxes.

With this strategy, you deducted the $23,255 and your child paid $1,028 in 2021 taxes.1

This is terrific, but you might ask:

Do I need to give my student a 1099? Which one—the NEC or the MISC? What box do I check on the 1099?

Since the $23,255 is not subject to the self-employment tax, how do I ... Log in to view full article.