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March 31, 2020
Question

I am in MD/PHD program and am paid by the university for working by a federal grant and tuition is paid for under grant. No 1098. I recieved scholarship. how do I enter?

  • March 31, 2020
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1 reply

LeonardS
March 31, 2020

To enter your grant follow these steps.

  • With TurboTax open select  Wages & Income click on I'll choose what I work on
  • 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 Grant 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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