topic Should I report prize money from a foreign competition as foreign income or other miscellaneous income if I have not lived abroad? in Deductions & credits

Should I report prize money from a foreign competition as foreign income or other miscellaneous income if I have not lived abroad?

allelectricthing — Sat, 01 Jun 2019 21:26:38 GMT

You would only need to report it as foreign income is if...

KarenJ — Sat, 01 Jun 2019 21:26:39 GMT

You would only need to report it as foreign income is if you paid foreign tax on the income. If you did not pay any foreign tax on the income, then you can just report it as miscellaneous income.

Re: You would only need to report it as foreign income is if...

borgut — Tue, 15 Apr 2025 16:12:00 GMT

But where to report this non-taxable income?

Re: You would only need to report it as foreign income is if...

MarilynG1 — Tue, 15 Apr 2025 16:30:00 GMT

Are you sure it's non-taxable income? The IRS normally wants to tax all of your income, unless it was money you paid in some way, that was returned to you. If you can give more details, we'll try to help.

Here's more detailed info on Reporting Prize Money.

@borgut