According to IRS.gov, you can declare your wages as foreign income and exclude it if:
- A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year,
- A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or
- A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.
If you fall under these parameters:
- You will report the 1099-NEC in the self-employment section of your return and report the income from it.
- Go to federal>wages and income>less common income>show more
- Foreign Earned Income and Exclusion>start or revisit
- Next screen you will select A Form 1099-MISC or other self-employment income. The program will assume that you reported the income already as i outlined above
- The next screen will ask your foreign gross profit. This is your income that was reported on the 1099-NEC.
- Now go through the rest of the qualifying questions in the program to determine if you are eligible for the exclusion. Keep in mind, when you reported the 1099-NEC in the self-employment section, you will need to pay your self-employment tax BUT your income may be excluded if you qualify for the exclusion.
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