$1300 is the filing requirement for dependents with unearned income. $7089 - $6819 f= 270. 270 + 1200 = 1470 > 1300. He's looking $17 tax. He may be able to offset that $170 with book and maybe computer expense and not even file.
The Stipend should not have been reported on a 1099-Misc, so technically there is another way to enter it so it is treated as earned income*.
In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
- “I’ll choose what I work on” Button
Scroll down to:
-Less Common Income
-Click "Visit All".
- On the next screen, click yes
You'll eventually reach a screen to enter the scholarship amount. To get it on line 8r of Schedule 1, as taxable scholarship
*Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $14,600 filing requirement (2024) and the dependent standard deduction calculation (earned income + $450). It is not earned income for the kiddie tax and other purposes (e.g. EIC). For grad students and post grad fellows, scholarship, stipend and fellowship income is earned income ("compensation") for IRA contributions.
