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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.

 

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1 Reply
Hal_Al
Level 15

Noncompensatory Graduate fellowship and schedule C

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-fic... 

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