DianeW777
Expert Alumni

Business & farm

No, a stipend is not considered a trade or business as indicated by @MaryK4.  For this reason the stipend is treated as Other Income. Report the income using the instructions below.

 

Other Miscellaneous Income:

  1. Sign into your TurboTax Online account
  2. Go to Tax Home (left panel)  Wages and Income  section 
  3. Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C
  4. Select Other reportable Income > Enter a description (----) and the amount
  5. For TurboTax Desktop > Income > Scroll to Less Common Income > .......

 

@sethandsarah

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