MichaelG81
Expert Alumni

Retirement tax questions

Yes, for fellowship income reported on a 1098T, it isn't currently allowing ROTH IRA contributions. This is currently confirmed as an issue and is actively being resolved.‌ Plus, now for 2022, the new guidelines state we must report fellowship income on Schedule 1 line 8r.


Click this link to sign-up for notifications for progress updates. Rest assured, TurboTax is working on this issue for our customers. It may erroneously attach a penalty on your contribution lowering your refund or increasing your tax due, and stating you have an excess contribution based on fellowship income. Once fixed you will be notified. 

 

Lastly, I want to personally thank you for notifying TurboTax of this issue.

 

@rcourt3630 

@Atf1 

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