I receive a taxable graduate student stipend that is reported on a 1099-misc. I also receive a scholarship that is reported on a 1098-T. My understanding is that post 2019, the IRS treats 1099 taxable stipend as income for the purposes of contributing to a Roth IRA, however TurboTax considers these excess contributions and subject to penalty. I ran into this last year and ended up abandoning turbo tax and using an accountant. I fee like I am faced with this again. What is the proper way to input the 1099 income such that it can be identified as a graduate student stipend? Another post said to include it in the miscellaneous income section rather than where 1099 income normally is entered. But it is still giving me an excess Roth contribution. I don't understand why there isn't a clear explanation of this as several others seem to have posted similar questions. Anyone ever get it t o work?
