I received a Transition Stipend from Teach for America - they included the amount on a 1099-Misc - is there a way to keep this from being taxed ? Right now TT is taxing.
I received a Transition Stipend from Teach for America - they included the amount on a 1099-Misc - is there a way to keep this from being taxed ? Right now TT is taxing.
The stipend is taxable and should be reported as Other Income on your Form 1040. In case you need to review your entry:
Open or continue your return
Select Search, enter 1099-misc
Select Jump to1099-misc
For description, enter Transition Stipend from Teach for America