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Old 11-12-2015, 02:36 PM
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Michael Michael is online now
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Join Date: Aug 2007
Location: Moorpark CA, Ocean Ridge, FL
Posts: 7,599

I think Tom Copeland answered this here:

"You must report as income the value of your scholarship and the $500. Then, you can deduct as a business expense the value of the scholarship and the $500 based on the normal rules of depreciation. "
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