Where do I add a taxable scholarship?

posted

To enter your taxable scholarship follow these steps.

With TurboTax open select Wages & Income.
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 Scholarship in the description.

This will put the income on Schedule 1 Line 8 of your Form 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.

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