LeonardS
Expert Alumni

Deductions & credits

To enter your stipend follow these steps. 

  • With TurboTax open select  Wages & Income click on I'll choose what I work on  

  • Scroll down to Less Common Income and select Miscellaneous Income, 1099-A, 1099-C  

  • On the next page, select Other reportable income 

  • On the page, Other Taxable Income enter Stipend in the description.   

 This will put the income on Schedule 1 Line 8 of your  Form 1040, as required by the IRS.  You will pay state and federal income tax on the amount, but it will not be subject to self-employment tax.  

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