Reply to "The elusive full ride"

@Tres Elakes 24 posted:
What's taxable? I'm assuming NIL $ is federally taxable. What about athletic scholarships?

All scholarships are tax free so long as the money is spent on qualified educational expenses. I don't see how NIL proceeds are not taxed as income regardless of how the money is spent.

https://www.irs.gov/taxtopics/tc421

1/26/2310:09 AM

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