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Business & farm
No. A stipend would be considered as Other income, but is not a qualified business.
- Stipend Definition: Stipends are not considered compensation for work: Unlike a salary, which is a set amount paid for work performed, a stipend is monetary support for expenses or training.
Other Miscellaneous Income:
- Sign into your TurboTax Online account
- Go to Tax Home (left panel) Wages and Income section
- Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
- Select Other reportable Income > Enter a description (----) and the amount
- For TurboTax Desktop > Income > Scroll to Less Common Income > .......
@sethandsarah
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‎February 8, 2025
9:52 AM
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