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Deductions & credits
Delete the 1099-Misc and re-enter. If you entered it EXACTLY as the other reply said, it will not be treated as business income. It will be entered on line 8z of schedule 1, as other income on a 1099-Misc.
There is an alternate way to enter "stipend" income. Do not enter at the 1099-MISC screen. After entering your 1098-T, you will be asked if you had any scholarships in addition to box 5. Answer yes and enter the $26K there. It goes on line 8r of Schedule 1.
March 4, 2024
8:56 AM