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Level 4
April 11, 2022
Solved

How do I input on ProSeries so that a college summer research grant from 1099-Misc box 3 is non-taxable?

  • April 11, 2022
  • 2 replies
  • 14 views

College Student received 1099-Misc Box 3 for a college summer research grant. Determined this is non-taxable under Code74(b), but how do I input this so it's non-taxable with ProSeries?

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Best answer by dkh

What about entering 1) enter 1099MISC amount as Other Income  Schedule 1 line 8

                                 2) enter a negative amount with your description non-taxable under Code74(b)  

                                      also on  Other Income Sched 1 line 8

2 replies

dkh
dkhAnswer
Level 15
April 11, 2022

What about entering 1) enter 1099MISC amount as Other Income  Schedule 1 line 8

                                 2) enter a negative amount with your description non-taxable under Code74(b)  

                                      also on  Other Income Sched 1 line 8

NPChristyAuthor
Level 4
April 11, 2022

Thanks. I was thinking I needed to put a negative in -I just wasn't sure where.