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derock901
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Where do I add my foreign exchange student?

 
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LinaJ2018
Intuit Alumni

Where do I add my foreign exchange student?

As IRS allows you to deduct your monthly expenses spent on hosting a foreign exchange student up to $50 a month, you will treat it as if donating cash to the charity.  As the maximum amount for deduction is $50 a month, you will be allowed to claim up to $50x12=$600 for a year. 

To enter the information, in TurboTax online edition, here are the steps:

 

  • Sign in to your account and select Pick up where you left off
  • At the upper right corner, In the search box, type in donations and Enter
  • Select the "Jump to donations" link in the search results.
  • Next screen, answer Yes to Did you make any donations to charity?
  • Next screen, answer No to the Its Deductible questions
  • Follow prompts

 

 

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1 Reply
LinaJ2018
Intuit Alumni

Where do I add my foreign exchange student?

As IRS allows you to deduct your monthly expenses spent on hosting a foreign exchange student up to $50 a month, you will treat it as if donating cash to the charity.  As the maximum amount for deduction is $50 a month, you will be allowed to claim up to $50x12=$600 for a year. 

To enter the information, in TurboTax online edition, here are the steps:

 

  • Sign in to your account and select Pick up where you left off
  • At the upper right corner, In the search box, type in donations and Enter
  • Select the "Jump to donations" link in the search results.
  • Next screen, answer Yes to Did you make any donations to charity?
  • Next screen, answer No to the Its Deductible questions
  • Follow prompts

 

 

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