ppairs
New Member

Where do you enter taxable fellowship income? (stipend for living expenses, but no W-2 form)

I am a recipient of the NSF GRFP, meaning that I received fellowship money that went towards both my education expenses and my living expenses. I assume that the stipend used for living expenses must be taxed - so where on Turbotax do I report this stipend? If I report this, do I additionally need to fill out information from my 1098T form? I ask because previous posts about this are outdated in terms of where you can click on Turbotax...
HelenaC
New Member

State tax filing

Yes, you would enter your 1098-T Tuition form. If the NSF GRFP fellowship amount is not included in Box 5 of your 1098-T, you would enter the fellowship amount in the Other Scholarships/Grants/Fellowships box. See the screenshot below.

To enter scholarships with NO 1098-T:

  • Type scholarships in the search box and click search.
  • Click on Jump to scholarships.
  • Continue with the onscreen interview.

To enter your 1098-T:

Don't enter your 1098-T if your employer reimbursed you for the tuition. Otherwise:

1.    Open (continue) your return in TurboTax, if it's not already open.

2.    In the search box, search for 1098-T or 1098T (lower-case works also) and then click the "Jump to" link in the search results.

3.    Answer Yes to Do you want to enter your higher education expenses?

  • If you land on the Let's estimate how much you could get this year, click Skip this.
  •  If you land on the Your Education Expenses Summary screen, first select Edit next to an existing student or select Add a new one before proceeding.

4.    Answer any questions that follow. After a few screens, you'll be asked if you received a 1098-T. Answer Yes and click Continue.

5.    Enter your Form 1098-T exactly as you see it, even if you think it's wrong. Here are some important tips:

  • If any boxes on your 1098-T are blank, leave them blank. Don't enter 0 (this may cause errors later).
  • If boxes 1 or 2 on your 1098-T form are wrong, enter those amounts anyway. Then click What if this is not what I paid? right below box 2 and enter the correct amount of tuition paid.
  • Don't include grants not already listed in Box 5. We'll ask about those later.

6.    Click Continue when you're done entering the information from your 1098-T. Answer any additional questions on the following screens.

Related information:


View solution in original post

State tax filing

Just to clarify, if the fellowship money is listen on the 1098-T and was used for living as expenses (and is therefore taxable income) does it also need to be listed on a miscellaneous income form or is this accounted for in the 1098-T? Should the fellowship money appear in both places or just one? 

DianeC958
Expert Alumni

State tax filing

Just one.  Since the income is being accounted for on the 1098-T that is the only place you need to enter it in the program.  The program will carry the excess to the correct line of the 1040 and figure any tax that may be due.

 

Link to Guide to Form 1098-T

 

@pattonconroy

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

State tax filing

So, to my knowledge as an NSF recipient, the information in 1098-T was the proportion of the award tailored to course and university related expenses. Meaning, the monthly income payments provided as a stipend for living expenses (e.g. set the same for all GRFP at 34,000 per year) are never reflected in 1098-T. Since that is the case, one would still need to report that information in a separate section such as misc-C correct?

KrisD15
Expert Alumni

State tax filing

If it isn't on the 1098-T, you can enter it several different ways since it is reportable income. 

 

On the 1098-T entry screen, there is a section that asks if you received additional aid not listed on a tax document. 

Select "Yes" and enter the amount there. 

 

If not entering a 1098-T, you can enter the amount as "Other Income" 

 

 

Type   other reportable income   into the Search Box and click the “Jump to other reportable income” link

-OR-

Click Federal on the left side-bar

Click Wages & Income along the top

Scroll down to the last section Less Common Income and click Show more to open drop-down

Scroll down to last section Miscellaneous Income and click Start

Scroll down to the last section Other reportable income and click Start

Enter the description as “Stipend” and the amount 

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