turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bsgbenish
New Member

I'm a teacher and I received a $5000 stipend from my state for achieving National Board Certification. They sent me a 1099-misc form but I'm losing $1906 when I enter it?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Leonard
Intuit Alumni

I'm a teacher and I received a $5000 stipend from my state for achieving National Board Certification. They sent me a 1099-misc form but I'm losing $1906 when I enter it?

To enter your teacher stipend  in TurboTax Deluxe follow these steps

With TurboTax open select  Wages & Income click on I'll choose what I work on

Scroll down to Less Common Income and select Miscellaneous Income, 1099-A, 1099-C

On the next page select Other reportable income 

On the page Other Taxable Income enter  teacher stipend in the description

This will put the income on Schedule 1 Line 21 of your 1040, as required by the IRS.  You will pay state and federal income tax on the amount, but it will not be subject to self-employment tax.


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question