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mk1001
New Member

Incorrect Roth IRA Limits

I have some income reported via W-2 forms, but most of my income is from a NSF fellowship stipend that was paid for research work. This was paid by check, without withholding, and I listed it under the 1099-A/1099-C for other miscellaneous income. My total gross income is accurate on Turbotax and on the 1040 preview, but my Roth IRA contributions are limited by the much smaller W-2 income, and Turbotax won't let me put the full contribution that I want to. I don't know where else to report my fellowship income, but I checked and it's definitely earned income I should be able to contribute to the Roth IRA.

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1 Reply
KrisD15
Expert Alumni

Incorrect Roth IRA Limits

If it was a Fellowship, enter it in the Education section under Deductions & Credits.

 

You'll need to go through the interview as if you want to enter a 1098-T (but don't) until you get to a screen to add the fellowship income. 

This will make the income eligible for an IRA. 

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