How to Report Graduate Student Stipend in TurboTax

[AmyC]

TurboTax will handle the 1098-T for you. Maybe the concern was the w2 coming into play, to show full aid received for the program to determine how much credit you should receive.

• If the aid from work is showing as taxable income in box 1, it does not affect your 1098T and all is well.
• If you received scholarships that are not being taxed, then it would affect the credit allowed. You can choose to make more of a scholarship taxable so you can have a higher credit.

[JPGlaser]

Regarding this, my former institute issued me a W2 for my stipend from 2018 onwards, which is FICA exempt. As such, I didn't have any FICA tax taken out from that salary (see IRS 970). How do I ensure this is reflected in TurboTax? When I input it as a W2 salary, my return drops by the amount that I would have paid in FICA taxes, suggesting that I owe that in back tax.

~ Joe G.