I'd like to inquire if a payment from a foreign government (Hong Kong to be specific) should be filed as foreign income as it's unearned and for covid relief purpose?

figoep · ‎March 9, 2021

The payment is from Hong Kong government called Cash Payout Scheme for your reference. Related news here: https://www.bnnbloomberg.ca/hong-kong-will-hand-out-hk-10-000-cash-to-adults-in-budget-1.1395788 If it should be reported, where and how should I report the income on Turbotax. Thanks!

DaveF1006 · ‎March 9, 2021

Yes, you will need to report this but report it as other miscellaneous income.

Go to federal>income and expenses>all income>>show more
Less Common Income> Start
Miscellaneous Income,>start
Other reportable income>start
Next screen asks Any Other Taxable Income>yes
The next screen will allow you to report the income with a brief explanation that tis is a COVID payment from the Hong Cong government.

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