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petrovap
New Member

Do I need to file a stipend award received in a design competition in 2019?

 
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KrisD15
Expert Alumni

Do I need to file a stipend award received in a design competition in 2019?

Yes, that should have been reported to you on a 1099-MISC

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 something like “Stipend” 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 for a one-time payment to cover expenses and not job related work

The amount from the 1099-MISC will be reported as Other income on the 1040 line 7a, not as Self-employment

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