Yes, for fellowship income reported on a 1098T, it isn't currently allowing ROTH IRA contributions. This is currently confirmed as an issue and is actively being resolved.
Click this link to sign-up for notifications for progress updates. Rest assured, TurboTax is working on this issue for our customers. It may erroneously attach a penalty on your contribution lowering your refund or increasing your tax due, and stating you have an excess contribution based on fellowship income. Once fixed you will be notified.
Also, for grad students and post-doctoral students, the only qualified expenses are materials purchased from the school directly and tuition. It should also be noted on your 1098T, but if not there you can still put material purchased from school for the Lifetime Learning Credit in the 1098T section interview. The taxable amount is the difference of Box 5 minus Box 1; basically. Graduate students don't qualify for AOTC and aren't able to purchase material outside the school. As Hal_AL stated taxable fellowship income is now reported on Sch 1 line 8r.
Lastly, thank you for your patience into this and helping TurboTax start to resolve this issue by notifying us.
@clpetix
@bmatty
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
