MK100
Returning Member

I teach online for a foreign instituion and get paid in foreign currency. Can I take QBI deduction?

Hello,

 

I am a US citizen and I teach online  classes in my US home office for a foreign institution as my side job. I get paid in their currency and I also need to pay foreign taxes. In my case, can I take QBI deduction for this self employment business since it is foreign source income? I called turbotax and the expert told me that I should be able to take the QBI deduction while claiming foreign tax credit. But I cannot find a definite answer myself from internet.  Can someone help?

 

Thanks!