Hal_Al
Level 15

Retirement tax questions

@typhoidjohnny 

Yes. 

the SECURE act included a provision that stipends for graduate students and postdoctoral fellows that meet certain conditions are treated as "compensation" for purposes of contributing to an IRA, even though they are not "earned income" for any other purpose.  https://www.forbes.com/sites/simonmoore/2019/12/23/if-youre-a-graduate-student-the-secure-act-makes-...

The trick is entering it correctly in Turbotax, which apparently requires going through the Education deduction interview instead of the 1099 income interview