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-   -   Intership income is taxable or not (https://www.askmehelpdesk.com/showthread.php?t=275072)

  • Oct 29, 2008, 03:55 PM
    trinhcao
    Intership income is taxable or not
    Recently graduated from medical school and has begun the intership( this is required of training) and received $1200/month. This stipend is a nontaxable grant or not?
  • Oct 30, 2008, 01:43 AM
    MukatA

    It is income for your personal work. It is not scholarship or grant. It is taxable income.
  • Oct 30, 2008, 10:25 AM
    AtlantaTaxExpert
    Agreed! The IRS would consider this to be taxable compensation for work performed.

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