MarilynG1
Expert Alumni

Get your taxes done using TurboTax

No, you must enter your 1099-Misc as Income.  Type '1099misc' in the Search area, then click on 'Jump to 1099misc'.

 

Follow the prompts in TurtboTax to indicate the type of income (stipend).  

 

You are able to enter any Taxes Paid on the entry screens for both W-2 and 1099-Misc.   On the 1099-Misc, check the box 'My form has other info in Box 1-18' to open the entry area for Tax Paid. 

 

If you expect to continue receiving this income, you can report it as Self-Employment Income on Schedule C and deduct Expenses against it. 

 

If you will not continue receiving the income, click the link for instructions on how to report it as Other Taxable Income.

 

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"