Yes. You need to report the 1099-MISC income becau...
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Do I report taxable income from research fellowship on 1099-MISC?

 
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Yes. You need to report the 1099-MISC income because otherwise you will have a mismatch with information sent to the IRS.

However, Fellowship Income is not subject to Social Security and Medicare (self-employment tax).

Since taxable fellowships have to be reported as wages, we want the amount to go to line 7 of the Form 1040.  Make sure you remove any/all the entries you may have previously made for this fellowship.

 

Here is how to enter your fellowship income in TurboTax:

  • Go to Federal Taxes (Person if using Home & Business)
  • Wages and Income (Personal Income if using Home & Business)
  • I'll choose what I work on
  • Scroll down to Less Common Income Section
  • Click start across from Miscellaneous Income, 1099-A, 1099-C
  • Click start across from Other income not already reported on a Form W-2 or Form 1099
  • Answer Yes on the Other Wages Received screen
  • Continue twice past Wages Earned as a Household Employee and Sick or Disability Pay
  • Answer Yes on the Any Other Earned Income screen
  • Select Other on the Enter Source of Other Earned Income screen
  • Enter the appropriate description and amount under the correct individual on the Any Other Earned Income screen
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Why is this prompting me to complete a Schedule C and what do I put on it?  It appears to be for self employment not fellowship that was receiveded on 1099-MISC. 

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This should be reported as "Other Income".  to enter in TurboTax, while in your return:.

  • Type "Other Income" in the search window
  • Click on "Jump to Other Income"
  • Enter the information from your Form 1099-MISC, and click on Continue
  • Enter a description such as "Fellowship" and click on Continue
  • On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
  • Answer "No..." to "Did the Fellowship involve work that's like your main job?"
  • Answer "I got it in 2019" when asked "How often did you get income for Fellowship?"
  • Answer "No, it didn't involve an intent to earn money."

The amount will be reported on line 8 of Schedule 1 (Form 1040).

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