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Deductions & credits
The $5,000 is exempt from tax. It is not clear if it is exempt from self-employment tax. If you are a student and will return to China you may never qualify for Social Security benefits. You should report the Gross amount on the 1099-Misc as your income and deduct the $5,000 as Misc expenses and use 'Article 20(c) US-China income tax treaty' as the description.
‎June 1, 2019
11:06 AM