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coopabney
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Can you deduct housing expenses for a summer internship when a stipend was provided but income not reported on W2 or 1099?

 
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Can you deduct housing expenses for a summer internship when a stipend was provided but income not reported on W2 or 1099?

No, housing expenses are not deductible.  You still need to report the income.  Stipends paid for housing are taxable income. 

You will enter this by clicking the following:

  •  Federal
  • Wages & Income
  • See Full List of Income
  • Show more next to Less Common Income Near the bottom
  • Start next to Miscellaneous
  • Start next to Other Reportable Income
  • Click Yes to Other Taxable Income
  • Enter Description and Amount
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