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I received a Fulbright & reporting it as income for teaching. I am sole proprietor and lecture for a fee & want to include grant as business income & deduct expenses. ok?
I received a Fulbright grant and am reporting it as income given it was for teaching - compensation for lecturing and teaching, personal services. I would like to include the income as business income, given I am sole proprietor and do consulting and lecturing for a fee. As a sole proprietor, I would like to deduct the expenses for living abroad for the three months. Can I include the stipend as income and, therefore, deduct my expenses?
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‎April 7, 2024
9:36 AM