- Taxable scholarships and grants are usually reported to you on Form 1098-T in box 5. However, if you used all of your scholarships and grants for tuition and course-related expenses, this is NOT taxable income. You would only need to report an amount as taxable scholarships if you used it to pay for other expenses, such as room, board, and travel.
- Fringe benefits are benefits covered by your employer, such as employer-paid life insurance, employer-made contributions to your pension, etc.
- Household employee income (that you did not receive a W-2 for), such as from babysitting, caretaking, housekeeping, yard work, etc. must be reported.
- Income earned while incarcerated must be reported.
- Foreign earned income is income you receive for services performed in a foreign country during a period when your tax home is in a foreign country and you meet either the bona fide residence test or the physical presence test.
You can enter these types of compensation, by taking this pathway:
- Federal Section
- Income
- Less Common Income
- Other Compensation