Enter the 1099-MISC following these steps:
Enter the 1099-MISC Under
- Wages & Income
Other Common Income
Income from Form 1099-MISC START
- Enter the 1099-MISC as it was reported, Type "Stipend" in for the description,
- Select "None of these apply" for uncommon situations,
- "NO" not like main job,
- only got it in 2024,
- "NO" no intent to earn money, DONE
These are TurboTax questions, not IRS questions. These need to be the answers to let TurboTax know it is not Self-Employment.
This will be reported on Schedule 1 line 12
This will not be reported as a scholarship since it was reported on Form 1099-MISC
This will be taxed as miscellaneous income, not subject to Self-Employment tax.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
