4k stipend in gift cards from UF, no w-2

[msempolk]

I received $4,000 in gift cards from UF Lastinger Center because I completed their Literacy Matrix program courses. It was a stipend for finishing the courses.

They haven't given me any tax information, and they weren't my employer. I was a self-paced student in their program.

How do I handle reporting the stipend as income?

[SabrinaD2]

It's possible that the UF Lastinger Center could send you a Form 1099-MISC if they consider the stipend taxable income and if the total amount paid to you exceeds $600. Organizations are generally required to send out 1099 forms by January 31 of the following year.

Here are a few steps you can take:

Contact the UF Lastinger Center: Reach out to them and ask if they will be issuing a Form 1099-MISC for your stipend. This will clarify whether you should expect any tax documentation from them.

If You Don't Receive a 1099: Report the income yourself using TurboTax. Follow these steps:

1. Open TurboTax and start or continue your return.
2. Select Wages & Income.
3. Scroll down and select Add more income.
4. Choose Miscellaneous Income, 1099-A, 1099-C.
5. Go back to Wages & Income and select Miscellaneous Income, 1099-A, 1099-C again.
6. Select Other income not already reported on a Form W-2 or Form 1099.
7. On the Other Wages Received page, select Yes.
8. Continue through the prompts. When you reach the Any Other Earned Income page, select Yes.
9. Continue through and select Other Taxable Income.
10. Enter a description (e.g., "UF Lastinger Center Stipend") and the amount ($4,000).