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I work as a Sales advisor for an overseas manufacturer for US market sales. Receive payments by wire transfer to US bank directly. How to declare it to IRS

 
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MinhT1
Expert Alumni

I work as a Sales advisor for an overseas manufacturer for US market sales. Receive payments by wire transfer to US bank directly. How to declare it to IRS

This income is considered self-employed income and must be reported on your tax return.

 

You report the income you received in cash, checks or bank transfers or without a 1099-NEC as self-employed income under Other self-employed income.

 

  • In business income, just under Type of Income, click on Add Income for this work
  • On the next page, click on the radio button next to Other Self-employed Income
  • Click Continue to enter your income received in cash, checks or bank transfers.

If you have expenses related to this business, you can deduct them.

 

To report your business income and expenses, you'll need to use TurboTax Self-Employed (Online) or TurboTax  (CD/Download).

 

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