Skip to main content
March 24, 2021
Question

Noncompensatory Graduate fellowship and schedule C

  • March 24, 2021
  • 1 reply
  • 0 views

I receive a 1099 Misc to reflect my noncompensatory graduate fellowship.  Turbotax then makes me complete schedule C and fill out business info as if I'm a sole proprietor.  Is this the way it is supposed to work?  I thought it was just 1040 schedule SE? Please advise me.

 

    1 reply

    Hal_Al
    Employee
    March 24, 2021

    You can report it on line 8 of Schedule 1, as other income. Enter at the 1099-Misc screen. But, if you are someone’s dependent, it’s better if you enter it as Scholarship (it affects your standard deduction calculation)”. For step by step instructions see: 

    https://ttlc.intuit.com/community/college-education/discussion/re-nrsa-t32-fellowship-income-and-fica-exemption/01/1980944#M38517