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Retirement tax questions
Assuming you are trying to enter as a stipend. You will enter in TurboTax as follows:
- Click Wages and Income
- Scroll to the Less Common Income section and choose Miscellaneous Income
- Choose Other income not already reported on a Form W-2 or Form 1099
- Answer Yes on the Other Wages Received screen
- Continue past Wages Earned as a Household Employee and Sick or Disability Pay
- Answer Yes on the Any Other Earned Income screen
- Choose Other on the Enter Source of Other Earned Income screen
- 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.
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‎February 20, 2023
12:55 PM