LinaJ2020
Expert Alumni

Education

Yes, you will need to report your Form W-2.  You need to report the stipends that is reported on the W-2.  As IRS also receives a copy of your W-2 from your school, it is important to report that to match IRS record.  

 

As far as your fellowship, you will enter it under the Form 1098-T section. Here are the steps:

 

In TurboTax online,

  • After sign into your account, select Pick up where you left off
  • At the right upper corner, in the search box , type in "1098t" and Enter 
  • Select  Jump to form 1098T 
  • Follow prompts
  • Tell the program you did not receive a Form 1098-T
  • Enter your tuition amount and the fellowship or scholarship amount with the same amount.
  • This will offset the transaction and you will not need to pay tax on it. 

 

 

 

 

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