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How does my child report fellowship income from a school she doesn't attend? It was a summer fellowship from a different university than the one she attends.
My child is filing her own taxes and has added the info for her 1098-T at her home school. She was paid a fellowship by a different university for a summer internship. They did not provide her with any federal forms, just a state form. How does she report that fellowship stipend?
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How does my child report fellowship income from a school she doesn't attend? It was a summer fellowship from a different university than the one she attends.
Your daughter will report her fellowship stipend in TurboTax Deluxe by following these steps
With TurboTax open select Wages & Income click on I'll choose what I work on
Scroll down to Less Common Income and select Miscellaneous Income, 1099-A, 1099-C
On the next page select Other reportable income
On the page Other Taxable Income enter fellowship stipend in the description.
This will put the income on Schedule 1 Line 21 of your 1040, as required by the IRS. You will pay state and federal income tax on the amount, but it will not be subject to self-employment tax.
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How does my child report fellowship income from a school she doesn't attend? It was a summer fellowship from a different university than the one she attends.
After entering the 1098-T, the education interview will eventually ask if she has other scholarship income (in addition to what's in box 5 of the 1098-T)
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How does my child report fellowship income from a school she doesn't attend? It was a summer fellowship from a different university than the one she attends.
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How does my child report fellowship income from a school she doesn't attend? It was a summer fellowship from a different university than the one she attends.
Thanks, that is the response I needed
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