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sdemirhan
New Member

How to show stipend in tax

 
1 Best answer

Accepted Solutions
IsabellaG
Employee Tax Expert

How to show stipend in tax

To report your stipend income:

  • Go to Federal Taxes>   Wages and Income
  • Scroll to the Less Common Income section and choose Miscellaneous Income (the last choice) 
  • Choose Other income not already reported on a Form W-2 or Form 1099
  •  Answer Yes on the Other Wages Received screen
  • Continue past Wages Earned as a Household Employee and Sick or Disability Pay
  •  Answer Yes on the Any Other Earned Income screen
  •  Choose Other on the Enter Source of Other Earned Income screen
  •   Enter your stipend information on the Any Other Earned Income screen.

This will report your stipend on line 7 of your Form 1040, and you will not be subject to Self-Employment Tax.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
IsabellaG
Employee Tax Expert

How to show stipend in tax

To report your stipend income:

  • Go to Federal Taxes>   Wages and Income
  • Scroll to the Less Common Income section and choose Miscellaneous Income (the last choice) 
  • Choose Other income not already reported on a Form W-2 or Form 1099
  •  Answer Yes on the Other Wages Received screen
  • Continue past Wages Earned as a Household Employee and Sick or Disability Pay
  •  Answer Yes on the Any Other Earned Income screen
  •  Choose Other on the Enter Source of Other Earned Income screen
  •   Enter your stipend information on the Any Other Earned Income screen.

This will report your stipend on line 7 of your Form 1040, and you will not be subject to Self-Employment Tax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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