You need to report the 1099-MISC income. 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 1 of the Form 1040.
Here is how to enter your fellowship income in TurboTax:
- Click on Federal in the left-hand column, then on Wages & Income on top of the screen
- Scroll down to Less Common Income section and click Show More
- Click Start next to Miscellaneous Income, 1099-A, 1099-C
- Click Start next to Other income not already reported on a Form W-2 or Form 1099
- Answer Yes on the Other Wages Received screen
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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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