To enter your educational stipend in TurboTax Deluxe follow these steps.
- With TurboTax open select Wages & Income.
- Scroll down to Less Common Income.
- Select Miscellaneous Income, 1099-A, 1099-C.
- On the next page select Other reportable income.
- On the page, Other Taxable Income enter Educational Stipend in the description.
This will put the income on Schedule 1 Line 8 of your Form 1040, as required by the IRS. You will pay state and federal income tax on the amount, but it will not be subject to self-employment tax.
[Edited 03/11/2020 | 10:27 am PDT]
