Misc income - Grant Fellowship

carson-b-dunlap · ‎June 1, 2019

I received a grant from my university for the summer of 2016. The amount was to be used for rent, food, etc.. Due to circumstances, I had to decline the grant and return the money in full. However, I still received a 1099 misc from my school. Do I even report this since I returned the full amount?

LinaJ2018 · ‎June 1, 2019

Since IRS also receives a copy of this Form 1099-MISC, you should still report it as an income on your tax return. To show you declined the grant and did not keep it, enter the same amount as a negative number on line 21 of your Form 1040. To do so, go to :

After sign into your account, select Take me to my return
Top right corner / in the search box- type in " other reportable income" and Enter
On-screen, "Other Wages Received", answer Yes / continue to follow prompts
On-screen, "Any Other Earned Income", answer Yes
On-screen, "Enter Source of Other Earned Income". answer Other
On-screen, "Any Other Earned Income", enter explanation/description and negative amount.

View solution in original post

LinaJ2018 · ‎June 1, 2019

Since IRS also receives a copy of this Form 1099-MISC, you should still report it as an income on your tax return. To show you declined the grant and did not keep it, enter the same amount as a negative number on line 21 of your Form 1040. To do so, go to :

After sign into your account, select Take me to my return
Top right corner / in the search box- type in " other reportable income" and Enter
On-screen, "Other Wages Received", answer Yes / continue to follow prompts
On-screen, "Any Other Earned Income", answer Yes
On-screen, "Enter Source of Other Earned Income". answer Other
On-screen, "Any Other Earned Income", enter explanation/description and negative amount.