Schedule C for LLC - How to report income from a foreign cooperation

Forum|Forum|5 years ago
March 28, 2021
3 replies
44 views

I have a single member LLC which does business with international cooperation. How can I report the income in schedule C? The international company does not have EIN or SSN

TurboTax Live Self-Employed Online

Best answer by MaryK4

You can enter the income as Other self-employed income (see below). No IRS form is needed for the entry in TurboTax.

When you're self-employed, you can get paid in multiple ways and also get multiple tax forms—not just a 1099-NEC.

Here are some examples of what we mean by additional income:

Income reported on a 1099-K (for credit/debit card payments)
Income not reported on a tax form
Barters and exchanges

Be sure to enter all the self-employment income you've earned, even if you didn't get a tax form. Once that's done, we can start looking into expenses you can deduct.

MaryK4Answer

Alumni - Intuit

You can enter the income as Other self-employed income (see below). No IRS form is needed for the entry in TurboTax.

When you're self-employed, you can get paid in multiple ways and also get multiple tax forms—not just a 1099-NEC.

Here are some examples of what we mean by additional income:

Income reported on a 1099-K (for credit/debit card payments)
Income not reported on a tax form
Barters and exchanges

Be sure to enter all the self-employment income you've earned, even if you didn't get a tax form. Once that's done, we can start looking into expenses you can deduct.

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fallapplauseAuthor

Level 2

What can I do if I don't have EIN for the international corp which paid to the LLC in U.S.?

MaryK4

Alumni - Intuit

You must enter the income as International corporations are not required to have as Other Self-Employed income. If an international corporations is not required to have an EIN you are still required to report the income.

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