We received a stipend for housing and and supporting foreign exchange students, where do we enter that for income?

[michelle-wenzl]

Is specifically says "Do Not enter income reported on Form 1099-misc.  Is there another way to report this?

[MarilynG1]

In this instance, it is acceptable to the IRS to enter income reported on a 1099-Misc that is not Business Income.

Or, in the 1099-Misc section, select 'None' from the 'Uncommon Situations' screen.

Indicate that it 'did not involve work like my main job', that you received it 'only in 2022' and 'didn't involve an intent to earn money' on the following screens.

@michelle-wenzl 

[mreyn1]

I understand that receiving a stipend wouldn't require self-employment tax. Does that also mean that this type of income does not qualify for the qualified income deduction? Thanks!

[JohnW152]

That's correct, it won't make you eligible for the qualified business income deduction.

Please see the TurboTax Help article Do I qualify for the qualified business income deduction? for more information.

@mreyn1