Retirement tax questions


@melrows wrote:

I have no W-2 for income. My stipend from my grant is listed under scholarships on my 1098-T. To enter this information, I went to the Federal Taxes, Deductions & Credits, Expenses and Scholarships (Form 1098-T) section. I followed the prompts, but selected the "I did not receive form 1098-T" option. I filled in the information about the school's name and address, and then filled in my grant/stipend in the "other Scholarships/Grants/Fellowships. I also filled in my tuition. I still got the alert that I had zero earned income and therefore had an excess Roth IRA contribution.


You are entering it correctly.  To double-check, the stipend should be on line 8r of Schedule 1.  However, there is currently a bug in the program preventing it from recognizing line 8r as eligible compensation.  See this article.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/fellowship-stipend-a...

 

Also note, only post-graduate and post-doctoral fellowships are eligible, not pre-doctoral fellowships.