Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 3:08:17 PM

Where do I add my foreign exchange student?

0 1 11214
1 Best answer
Intuit Alumni
Jun 5, 2019 3:08:19 PM

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

 

 

1 Replies
Intuit Alumni
Jun 5, 2019 3:08:19 PM

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