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January 18, 2025
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How to report money from a fellowship

  • January 18, 2025
  • 1 reply
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How are you supposed to enter the money received from a fellowship? There is absolutely no specific form for this on the turbotax page and I've been conned into buying the paid version and it is still not providing me a form. 

Best answer by Bsch4477

 

From @AmyC
To enter fellowship income  on sch 1, which goes to line 8 Form 1040, follow these steps:


First enter the income:
1. go to the federal income section
2. scroll to the bottom
3. Miscellaneous Income, 1099-A, 1099-C, Start
4. Other income not already reported on a W2 or 1099, Start
5. Other wages? Yes
6. Household employee? Continue
7. Sick pay, continue, Medicaid, continue
8. Other Earned Income? Select Yes, continue
9. Source of income? Select Other
10. Enter description - Fellowship, enter your taxable amount
11. Continue

1 reply

Bsch4477Answer
Employee
January 18, 2025

 

From @AmyC
To enter fellowship income  on sch 1, which goes to line 8 Form 1040, follow these steps:


First enter the income:
1. go to the federal income section
2. scroll to the bottom
3. Miscellaneous Income, 1099-A, 1099-C, Start
4. Other income not already reported on a W2 or 1099, Start
5. Other wages? Yes
6. Household employee? Continue
7. Sick pay, continue, Medicaid, continue
8. Other Earned Income? Select Yes, continue
9. Source of income? Select Other
10. Enter description - Fellowship, enter your taxable amount
11. Continue