☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 24, 2021 1:54:08 PM

Noncompensatory Graduate fellowship and schedule C

I receive a 1099 Misc to reflect my noncompensatory graduate fellowship.  Turbotax then makes me complete schedule C and fill out business info as if I'm a sole proprietor.  Is this the way it is supposed to work?  I thought it was just 1040 schedule SE? Please advise me.

 

0 1 115
1 Replies
Level 15
Mar 24, 2021 2:09:46 PM

You can report it on line 8 of Schedule 1, as other income. Enter at the 1099-Misc screen. But, if you are someone’s dependent, it’s better if you enter it as Scholarship (it affects your standard deduction calculation)”. For step by step instructions see: 

https://ttlc.intuit.com/community/college-education/discussion/re-nrsa-t32-fellowship-income-and-fica-exemption/01/1980944#M38517