JamesG1
Employee Tax Expert

Get your taxes done using TurboTax

Report a taxable stipend by following these directions:

 

  • Down the left side of the screen, click  Federal.
  • Down the left side of the screen, click Wages & Income.
  • Scroll down Less Common Income.  Click Show more.
  • Under Miscellaneous Income, 1099-A, 1099-C, click Start / Revisit.
  • Click on Other income not already reported on a Form W-2 or Form 1099.
  • Click on Other Earned Income.  Continue.
  • At the screen Other earned income summary, select Add.
  • Enter description and dollar amount.

The income will be reported on line 1h of the Federal 1040 tax return.

 

@teacherteacher26 

 

 

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