@macuser_22 wrote:
Typically TurboTax uses the IRS Pub that interrupt the tax laws and the IRS forms and instructions. directions for those forms. This is explained in 2020 IRS Pub 590A that has not published yet. The draft 590A says:
Under "What is Compensation"
Certain taxable non-tuition fellowship and stipends.
For tax years beginning after December 31, 2019, certain
taxable non-tuition fellowship and stipend payments are
treated as compensation for the purpose of IRA contributions.
Compensation will include any amount included in
your gross income and paid to aid in your pursuit of graduate
or postdoctoral study.
So I am sure that when complete, TurboTax will follow those rules.
Yes, but the problem is that not all box 6 "taxable grant" payments will qualify as graduate student or postdoctoral stipends, so the question will have to be asked at some point.
