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elhaor
New Member

I'm a graduate student and I receive a fellowship. I filled that in under miscellaneous income, but it doesn't appear at the summary page of "Wages & Income".Is that ok?

 
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1 Best answer

Accepted Solutions
IsabellaG
Employee Tax Expert

I'm a graduate student and I receive a fellowship. I filled that in under miscellaneous income, but it doesn't appear at the summary page of "Wages & Income".Is that ok?

If you enter your fellowship income correctly, it should show on line 7 of your tax return.

To check this, you'll need to preview your return.

  1. Sign in (continue) your online return, if you're not already signed in.
  2. Select My Account near the top of your screen, and then Tools from the drop-down menu.
  3. Under Other helpful links... click View Tax Summary.
  4. Select Preview my 1040 near the top of your screen. See the screenshot.
  5. Click Back near the top of your screen to exit the preview screen.

To report your fellowship income:

  • Go to Federal Taxes>   Wages and Income
  • Scroll to the Less Common Income section and choose Miscellaneous Income (the last choice) 
  • Choose Other income not already reported on a Form W-2 or Form 1099
  •  Answer Yes on the Other Wages Received screen
  • Continue past Wages Earned as a Household Employee and Sick or Disability Pay
  •  Answer Yes on the Any Other Earned Income screen
  •  Choose Other on the Enter Source of Other Earned Income screen
  •   Enter your fellowship information on the Any Other Earned Income screen.

This will report your fellowship on line 7 of your Form 1040, and you will not be subject to Self-Employment Tax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
IsabellaG
Employee Tax Expert

I'm a graduate student and I receive a fellowship. I filled that in under miscellaneous income, but it doesn't appear at the summary page of "Wages & Income".Is that ok?

If you enter your fellowship income correctly, it should show on line 7 of your tax return.

To check this, you'll need to preview your return.

  1. Sign in (continue) your online return, if you're not already signed in.
  2. Select My Account near the top of your screen, and then Tools from the drop-down menu.
  3. Under Other helpful links... click View Tax Summary.
  4. Select Preview my 1040 near the top of your screen. See the screenshot.
  5. Click Back near the top of your screen to exit the preview screen.

To report your fellowship income:

  • Go to Federal Taxes>   Wages and Income
  • Scroll to the Less Common Income section and choose Miscellaneous Income (the last choice) 
  • Choose Other income not already reported on a Form W-2 or Form 1099
  •  Answer Yes on the Other Wages Received screen
  • Continue past Wages Earned as a Household Employee and Sick or Disability Pay
  •  Answer Yes on the Any Other Earned Income screen
  •  Choose Other on the Enter Source of Other Earned Income screen
  •   Enter your fellowship information on the Any Other Earned Income screen.

This will report your fellowship on line 7 of your Form 1040, and you will not be subject to Self-Employment Tax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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