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Deductions & credits
You would report as other income. If you pay taxes on the same amount of income to the foreign tax authority, you can claim a foreign tax credit on Form 1116 your 2019 US taxes. I am also posting an answer from LeeM for your reference: honorarium
In TurboTax online program:
- Sign in to your account, select Pick up where you left off
- To the right upper corner, in the search box, type in "other reportable income" and Enter
- Select Jump to other reportable income
- Follow prompts
To claim a foreign tax credit, here are the steps:
- At the right upper corner, in the search box, type in "foreign tax credit" and Enter
- Select Jump to foreign tax credit
- Follow prompts
Please note that, generally, doing honorariums occasionally are not considered self-employment, you would enter it as miscellaneous income. ( line 8 on Schedule 1 and Form 1040 ) However, if you do it regularly and frequently, you should report it as self-employment and file a schedule C to pay self-employment taxes.
@joshds @ spl11
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‎February 15, 2020
10:03 AM
2,554 Views