- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
What is the best way to report an academic stipend?
I received an stipend for living expenses as part of an academic fellowship, and my university does not provide 1099s for stipends. What is the best way to enter this income? I tried entering it as a 1099-MISC (despite the fact that I cannot actually get a 1099 form from the university), but TurboTax says that I will need to pay self-employment taxes, despite the fact that I wasn't actually self employed.
Topics:
June 4, 2019
9:36 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Report that income by going to Federal Taxes>Wages & Income>Less Common Income>Miscellaneous Income. On the next screen select other reportable income. Enter stipend as the description and enter the amount of the stipend.
June 4, 2019
9:37 PM