Question

How do I handle my Fulbright Stipend as a researcher/teacher

Forum|Forum|3 years ago
November 16, 2022
2 replies
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The institution will issue you a tax form (1098-T). If they issue you this for the stipend, all you need to do is enter the information into Turbotax when you are using TurboTax to prepare your taxes and the system will take care of the calculations for you.

Best,

OpeA1

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L

lbonawitzAuthor

I have read that there are different means testing on whether the stipend is taxed or not. Can you expand on this matter for research and teaching?

O

OpeA1

Only the institution will be able to tell you how they will report the stipend. You will have to check with the Human Resources at your institution.

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L

lbonawitzAuthor

Perhaps you could expand on another bit of this Fulbright. Is any of the logistics: Visas, travel, accommodations, supplies, etc. deductible? Will turbotax account for deductible items related to the appointment?

L

lbonawitzAuthor

Why didn't you answer this question yesterday?

Perhaps you could expand on another bit of this Fulbright. Is any of the logistics: Visas, travel, accommodations, supplies, etc. deductible? Will turbotax account for deductible items related to the appointment?

Hal_Al

Employee

Fulbright Grants are usually taxable income. See:

https://ttlc.intuit.com/questions/3091932-is-a-fulbright-teaching-grant-to-a-foreign-country-that-pays-per-diem-expenses-taxable

https://www.irs.gov/individuals/international-taxpayers/fulbright-grants

The next question is: is it subject to SE tax, as well as income tax? How was the income reported to you (1098-T, 1099-Misc, 1099-NEC etc)? If 1099-Misc, what box #? What did yo do for or with this money?

Basically, if you were paid for your work, it is also subject toSelf employment (SE) tax. But, it also depends on who benefits. If this is you own personal research project, it s treated as taxable scholarship ("other income". If it has commercial applications, it's self employment income.

If you report it as self employment (Schedule C), then all your expenses are deductible.