- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
No.
You can enter it as Other Income, or Scholarship Income.
The only difference is that as a scholarship, it can be used to contribute to an IRA.
AS OTHER INCOME:
Enter the 1099-MISC Under
Wages & Income
Other Common Income
Income from Form 1099-MISC START
Enter the 1099-MISC as it was reported, Type Scholarship in for the description,
Select "None of these apply" for uncommon situations,
"NO" not like main job,
Only got it in 2024,
"NO" no intent to earn money,
DONE
These are TurboTax questions, not IRS questions. These need to be the answers to let TurboTax know it is not Self-Employment.
This puts the income on Schedule 1 line 8z
AS SCHOLARSHIP/GRANTS
Enter the amount (only)
Deductions & Credits
Education
Expenses and Scholarships (Form 1098-T) START
You may need to enter student information but go through the screens asking for Form 1098-T without entering anything until you get to the "HERE's Your Education Summary" Screen
Select "Scholarships/Grants (for all schools)"
On the "Did you Receive a Scholarship or Grants in 2024?"
Select "YES"
on the drop-down that opens enter the amount reported on the 1099-MISC
**Mark the post that answers your question by clicking on "Mark as Best Answer"