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Returning Member
posted Feb 27, 2023 1:58:12 PM

Where do I input my 1099 Misc form for a scholarship from Scholarship America?

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3 Replies
Expert Alumni
Feb 27, 2023 2:34:56 PM

You will need to report this as Other Income.  

 

Per our Expert, KrisD15, you can report it this way:

 

Click Federal

Click Wages & Income

Click “See All Income” if needed

Scroll down (PAST SELF-EMPLOYMENT) to “Other Common Income”

Click “Show more”

Scroll down to “Form 1099-MISC”

Click Start

Enter the 1099-MISC and Continue

On the “Describe the reason for this 1099-MISC” screen enter "Scholarship” and Continue

Select “None of these apply” and Continue

Select “No, it didn’t involve work like main job” and continue through the interview selecting the appropriate answers

The amount from the 1099-MISC will be reported as Other income on the 1040 line 8, not as Self-employment

Returning Member
Feb 27, 2023 3:28:45 PM

For the question "How often did you get income for Scholarship?"

Do I need to select both I got it in 2021 and 2022, if I received the same amount for both years, or ONLY 2022, as I am filing my taxes for this year?

Expert Alumni
Feb 27, 2023 4:06:10 PM

You would select that you got it in 2022. Do not say that you also received the scholarship in 2021. This will trigger a self-employment situation.

 

@mariahbicomong