Fulbright award letter has the amount of the award. We have the vouchers for 2017.
IRS says deduct expenses and report difference as income. How do I do this with Turbotax? Other income requires 1099G. If I say I don't have one it gives up.
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If your taxable scholarship amount was not reported on a Form 1098-T, you can see the steps for entering the scholarship amount into TurboTax is as follows:
If your taxable scholarship amount was not reported on a Form 1098-T, you can see the steps for entering the scholarship amount into TurboTax is as follows:
You can report it as other income on Form 1040 line 21. Here's how to enter it in TurboTax.
· Click the Federal Taxes tab ( Personal in the Home & Business version)
· Click Wages & Income. (Personal income in the H & B version)
· On the screen "Your 2017 Income Summary," scroll all the way down to the last section, "Less Common Income."
· Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."
· On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."
· The next screen asks, "Did you receive any other taxable income." Click Yes.
· On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.
· On the next screen click Done.
The income will be reported on Form 1040 line 21 with the description that you entered.
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