To report your stipend income:
- Go to
Federal Taxes> Wages and Income
- Scroll to
the Less Common Income section and choose Miscellaneous Income (the last choice)
- Choose Other income not already reported on a Form W-2 or Form 1099
- Answer
Yes on the Other Wages Received screen
- Continue
past Wages Earned as a Household Employee and Sick or Disability Pay
- Answer Yes on the Any Other Earned Income screen
- Choose Other on the Enter Source of Other Earned Income
screen
-
Enter your stipend information on the Any Other Earned Income screen.
This will
report your stipend on line 7 of your Form 1040, and you will not be subject
to Self-Employment Tax.
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