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Level 1
August 25, 2025
Question

life sharing stipend

  • August 25, 2025
  • 2 replies
  • 11 views

where is life sharing stipend entered in lacerte, if at all?

2 replies

George4Tacks
Level 15
August 25, 2025

Qualified Medicaid waiver payments excludable under IRS Code Section 131 per Notice 2014-7 is what I think you are referring to. You can enter it as Miscellaneous Income and then enter the same amount as a negative as (IRC 131 per Notice 2014-7) to zero out the income. OR if you are sure it is excludible and not reported on W-2, just do nothing. 

Answers are easy. Questions are hard!
Level 15
August 25, 2025

If you are referring to Medicaid Waiver program payments, you have the OPTION to apply that as earned income for purposes of the Earned Income Credit and the Additional Child Tax Credit.  If you do that, you will want to enter it differently than what George had mentioned.

Unfortunately, I don't know how to do that in Lacerte (I use ProSeries).