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Deductions & credits
To enter your stipend follow these steps.
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With TurboTax open select Wages & Income click on I'll choose what I work on
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Scroll down to Less Common Income and select Miscellaneous Income, 1099-A, 1099-C
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On the next page, select Other reportable income
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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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March 13, 2020
10:17 AM