- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@DavidD66 graduate student fellowships are not self-employment income and are not subject to SE tax or social security.
@valbbriones unfortunately, when the IRS split off 1099 income into the 1099-NEC (non-employment compensation) and the 1099-MISC (everything else), Turbotax also split up the interview in a poorly implemented way.
In the old 1099-MISC interview, there was a list of special circumstances and a checkbox for "this was fellowship income" that would have taken care of the problem in one step. I would look to see if there is a similar question now in the 1099-NEC interview. If so, you can skip entering the income under the education expense interview and also skip the "offset" method.
May 11, 2021
7:29 AM