Do I report taxable income from research fellowship on 1099-MISC?

[SusanH]

Yes. You need to report the 1099-MISC income because otherwise you will have a mismatch with information sent to the IRS.

However, Fellowship Income is not subject to Social Security and Medicare (self-employment tax).

Since taxable fellowships have to be reported as wages, we want the amount to go to line 7 of the Form 1040.  Make sure you remove any/all the entries you may have previously made for this fellowship.

Here is how to enter your fellowship income in TurboTax:

• Go to Federal Taxes (Person if using Home & Business)
• Wages and Income (Personal Income if using Home & Business)
• I'll choose what I work on
• Scroll down to Less Common Income Section
• Click start across from Miscellaneous Income, 1099-A, 1099-C
• Click start across from Other income not already reported on a Form W-2 or Form 1099
• Answer Yes on the Other Wages Received screen
• Continue twice past Wages Earned as a Household Employee and Sick or Disability Pay
• Answer Yes on the Any Other Earned Income screen
• Select Other on the Enter Source of Other Earned Income screen
• Enter the appropriate description and amount under the correct individual on the Any Other Earned Income screen

[Ras27]

Why is this prompting me to complete a Schedule C and what do I put on it?  It appears to be for self employment not fellowship that was receiveded on 1099-MISC. 

[DavidD66]

This should be reported as "Other Income".  to enter in TurboTax, while in your return:.

• Type "Other Income" in the search window
• Click on "Jump to Other Income"
• Enter the information from your Form 1099-MISC, and click on Continue
• Enter a description such as "Fellowship" and click on Continue
• On the screen with "Does one of these uncommon situations apply?", indicate "None of these apply"
• Answer "No..." to "Did the Fellowship involve work that's like your main job?"
• Answer "I got it in 2019" when asked "How often did you get income for Fellowship?"
• Answer "No, it didn't involve an intent to earn money."

The amount will be reported on line 8 of Schedule 1 (Form 1040).