My daughter received a Fulbright grant to study in Mexico as an enrichment to her career Did not receive a 1098T, program was self directed. Do we need to report it?

mer — Mon, 03 Jun 2019 20:17:23 GMT

Yes. If this was not subject to her as a degree candidate...

KrisD — Mon, 03 Jun 2019 20:17:25 GMT

Yes.

If this was not subject to her as a degree candidate, it would all be taxable.

If there was no tuition involve (and it sounds as if there wasn't) it would be taxable.

Grants to cover living expenses are taxable.

If you are not sure, click the link to read IRS PUB 970.

CLICK HERE for IRS Pub 970 Tax Benefits for Education

If it was reported on a 1099-MISC, enter it that way.

The income is taxable to the student, so enter the income on the student's return.

With 1099-MISC:

Sign into your account and return. Click the “Pick up where I left off” bar

Click on Federal on the left side-bar, then Wages & Income along the top.

When you get to the Income section, Scroll down to Other Common Income and Click Show more

Click Start or Revisit for Form 1099-MISC

Enter a description for the non-work income as “Fulbright Grant 1099-MISC” for the reason and Continue

Click “None of these apply.” at the bottom of the list for “Does one of these uncommon situations apply? And Continue

Answer “No, it didn’t involve work like my main job.” on the next screen and Continue.

Click the year you got the reward and Continue (if you received this income for more than 2 years, the IRS will consider it as self-employment)

Answer “No, it didn’t involve an intent to earn money.” on the next screen and continue.

Do you have another 1099-MISC? Click No and Continue

Click Done.

The income will show as a line item on line 21 of Schedule 1 of the 1040 and not as Self-employment.

With no 1099-MISC:

Sign into your account, your return, and click "Pick up where I left off

Click Federal

Click Wages & Income

Get to All Income and scroll down to Less Common Income and click Show more

Scroll down to Miscellaneous Income, 1099-A, 1099-C and click Start

Scroll down to Other reportable income and click Start

Type Scholarship into the description box and enter the amount

Click Done

topic My daughter received a Fulbright grant to study in Mexico as an enrichment to her career Did not receive a 1098T, program was self directed. Do we need to report it? in After you file

My daughter received a Fulbright grant to study in Mexico as an enrichment to her career Did not receive a 1098T, program was self directed. Do we need to report it?

Yes. If this was not subject to her as a degree candidate...