BrittanyS
Expert Alumni

Retirement tax questions

Assuming you are trying to enter as a stipend.  You will enter in TurboTax as follows:

 

  1. Click Wages and Income
  2. Scroll to the Less Common Income section and choose Miscellaneous Income
  3. Choose Other income not already reported on a Form W-2 or Form 1099
  4. Answer Yes on the Other Wages Received screen
  5. Continue past Wages Earned as a Household Employee and Sick or Disability Pay
  6. Answer Yes on the Any Other Earned Income screen
  7. Choose Other on the Enter Source of Other Earned Income screen
  8. Enter your stipend information on the Any Other Earned Income screen.

 

This will report your stipend on line 7 of your Form 1040, and you will not be subject to Self-Employment Tax.

 

@JEBrady2004 

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