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January 31, 2025
Question

How and what do I file for the stipend I receive for a foreign exchange student?

  • January 31, 2025
  • 1 reply
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    1 reply

    DaveF1006
    January 31, 2025

    You will report this as other income.

     

    1. Log into your account
    2. Select Wages and income
    3. Less Common income
    4. Miscellaneous Income, 1099-A, 1099>start
    5. Scroll to the bottom of the page to Other Reportable Income
    6. Other taxable income, answer yes
    7. Then give a brief description of the income and the amount listed. List this as Stipend received as a foreign exchange student and then the amount.
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