DianeW777
Expert Alumni

Get your taxes done using TurboTax

Yes.  TurboTax can help you.

 

When the 1042-S form is used to report a scholarship or fellowship grant, only the amount over the cost of tuition is reportable.   You can enter the amount on the 1042-S under other earnings and specify scholarship.

  1. Click Federal in the left column 
  2. Click Wages & Income at the top
  3. Scroll down to Less Common Income. Click Show more
  4. Start Miscellaneous Income, 1099-A, 1099-C
  5. Start Other reportable income
  6. Say Yes to Any Other Taxable Income?
  7. Enter a description and amount

The stimulus is required to be reconciled on the 2020 tax return, follow the steps below to include this with your tax return.

In TurboTax Online, to claim the Recovery Rebate credit please do the following:

  1. Sign into your account and continue from where you left off
  2. Click on Federal in the left-hand column, then on Federal Review on the top of the screen
  3. On the next page titled Let's make sure you got the right stimulus amount, click on Continue
  4. Follow the interview - make sure to answer the questions to correct the amount you did receive (zero for you)
  5. TurboTax will determine whether you are entitled to any additional stimulus
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.
  7. See the image below for assistance.

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