turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I report internship stipend money from a 1099-MISC?

I am a law student who received a 1099-MISC for a summer internship stipend. The internship was unpaid but I received a stipend from my school, with the income reported in box 3. Since this is considered self-employment income, does this mean that the business address is my school (which is who paid me) or the organization i interned at?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MarilynG
Expert Alumni

How do I report internship stipend money from a 1099-MISC?

Income reported in Box 3 on a 1099-Misc is not self-employment income.  It is considered 'other income'.

If the amount was in Box 7, it would be considered self-employment, and you would be the business, not the school or the organization that paid you.

Type 'other income' in the Search window, and then 'Jump to other income' for the entry point.  At the 1099-Misc Summary screen, Add a 1099-Misc (screenshots). 

Say NO to the question 'did this involve work like my main job' and NO to 'it didn't involved an intent to earn money'.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies