NIH T32 fellowship income

Forum|Forum|4 years ago
April 4, 2022
2 replies
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I have T32 postdoctoral grant and NIH pays my institution total of $100K, of which $60K goes to my stipend and $40K towards my insurance. I received 1099MISC with total of $100K in box 3, which includes 40K that my employer received to cover my insurance premiums. I called my employer and they essentially said they sent correct form and I'll need to figure out how to report insurance portion on my tax return as tax exempt. If don't enter the insurance as tax exempt portion of my 1099MISC income, I end up owing quite a bit. Any ideas where to report this?

Not A Product Question

KrisD15

To clarify

Are you saying that 40,000 is used for HEALTH insurance?

Health insurance is not considered an "education expense" and is not tax exempt.

It would be as if you were given 40,000 and used it to purchase health insurance.

You might be able to claim 40,000 as "Medical Expenses" on your return, but you would need some documentation showing that amount as the payment.

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Hal_Al

Employee

It's no clear what's going on. NIH has given you a $100K grant, but it went your employer, not you? And them you employer issued you a 1099-Misc for the entire amount? What are you working on with this grant money? Who gets the benefit of the research? $40K was for insurance? What kind on insurance, health? liability? property damage? Is your employer the "institution"? What kind of institution?