Most agencies do issue 1099's for stipends paid to host families for exchange students, if it's a flat monthly amount as opposed to reimbursement for specific expenses. 1099's are required to be filed no later than January 31st.
Flat monthly amounts with no accountability to the agency are not specifically excluded from tax, and they would normally be reported as Non Employee Compensation. You can, however, deduct your actual expenses from the stipend, and if your expenses are equal to your stipend, you would not owe any tax.
To report this in Turbo Tax:
- Select Wages & Income
- Select Income from 1099 Misc
- Complete this section
If you're being reimbursed for specific expenses that you incurred because of your guest, and you had to account to the agency involved in order to be paid, then there is no income to report.
If your expenses were greater than the stipend, you may be able to claim a charitable deduction for your extra hosting expenses.
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