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kurtat1
New Member

I received a 1099-misc, but I am not self-employed. I received it in addition to my regular pay as a scholarship for school. Turbotax wants business name and code number.

Box 3 other income

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I received a 1099-misc, but I am not self-employed. I received it in addition to my regular pay as a scholarship for school. Turbotax wants business name and code number.

Because your income is reported in Box 3 of your Form 1099-Misc, you will report this as Other Income on your tax return.  This will reflect on Line 21 (Form 1040).  Follow these steps to enter your Form 1099-Misc in TurboTax:
  1. Click the Search button located at the top right of your screen
  2. Type 1099-Misc
  3. Select Jump to 1099-Misc
  4. Complete the entries.  

Here's more help for completing this section:

Describe the reason for this 1099-MISC.  You can enter Fellowship or Scholarship.

Does one of these uncommon situations apply?  Select None of these apply.

Did the Fellowship involve work that's like (your) main job?  Select No.  It didn’t involve work like (your) main job.

How often did (you) get income for Fellowship?  Select (You) got it in 2017.

Did the Fellowship involve an intent to earn money?  Select No, it didn’t involve an intent to earn money.

See this IRS link Tax Benefits for Education:  Information Center for more information.  Scroll down to the Scholarships and Fellowships section.

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1 Reply

I received a 1099-misc, but I am not self-employed. I received it in addition to my regular pay as a scholarship for school. Turbotax wants business name and code number.

Because your income is reported in Box 3 of your Form 1099-Misc, you will report this as Other Income on your tax return.  This will reflect on Line 21 (Form 1040).  Follow these steps to enter your Form 1099-Misc in TurboTax:
  1. Click the Search button located at the top right of your screen
  2. Type 1099-Misc
  3. Select Jump to 1099-Misc
  4. Complete the entries.  

Here's more help for completing this section:

Describe the reason for this 1099-MISC.  You can enter Fellowship or Scholarship.

Does one of these uncommon situations apply?  Select None of these apply.

Did the Fellowship involve work that's like (your) main job?  Select No.  It didn’t involve work like (your) main job.

How often did (you) get income for Fellowship?  Select (You) got it in 2017.

Did the Fellowship involve an intent to earn money?  Select No, it didn’t involve an intent to earn money.

See this IRS link Tax Benefits for Education:  Information Center for more information.  Scroll down to the Scholarships and Fellowships section.

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