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I received a 1099MISC with money as a stipend for grad school tuition. How do I add that? It is not business income it went to tuition.

 
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5 Replies
PhyllisG
New Member

I received a 1099MISC with money as a stipend for grad school tuition. How do I add that? It is not business income it went to tuition.

If you are not required to file a tax return because your total income is less than your filing status threshold ($12,000 for Single) then you should not file a return. You will keep the Form 1099-MISC for your records, unless an amount is entered in box 7 of the Form 1099-MISC.  If the amount is $400 or more, then you are required to file a return.

TurboTaxTomK has provided various instructions on how to enter the stipend into TurboTax, in particular because you should have received a Form W-2 rather than a Form 1099-MISC. 

https://ttlc.intuit.com/replies/5985132

I received a 1099MISC with money as a stipend for grad school tuition. How do I add that? It is not business income it went to tuition.

Thank you for your response. I am a full time teacher (so I do have an income) and need to file. The stipend was toward a masters degree that I received last year. SO it appears my income was larger than it was because the 1099MISC had to be added with my income. I can do what the steps above say and subtract that income?
PhyllisG
New Member

I received a 1099MISC with money as a stipend for grad school tuition. How do I add that? It is not business income it went to tuition.

Yes.  If it was not reported properly.

I received a 1099MISC with money as a stipend for grad school tuition. How do I add that? It is not business income it went to tuition.

PLEASE HELP :(   I did everything directed above however is appears that there is still a SE Tax on that money. There is a Schedule SE filled out that shows tax paid on the stipend.
PhyllisG
New Member

I received a 1099MISC with money as a stipend for grad school tuition. How do I add that? It is not business income it went to tuition.

I am sorry that the instructions didn't work, so try the "Other Common Income" section instead:

• Select Federal in the menu to the left
• Select the Income & Expenses tab
• Scroll to Other Common Income
• Click Start next to Form 1099-MISC
• Enter your Form 1099-MISC income exactly as shown on your form.  Your entries should mirror the form 1099-MISC.  
• Enter Stipend as the reason, then click Continue
• Check None Apply from the uncommon situation list 
• Continue navigating through the prompts
• Select "No" to questions regarding work and earned money

Your entry will appear on line 21 of the Form 1040 Schedule 1 as "Other Income", and the SE form will not be generated.
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