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Level 1
posted Nov 25, 2018 1:00:14 PM

earned here paid by foreign company that doesn't report it

I earn working online ~10K with clients in a foreign country.  The company there does not report the income; I have to beg just to get a makeshift  'earnings statement'.  

 

I want to pay the appropriate tax on this; the code I have reviewed says I am supposed to report income whether or not an employer reports it or gives a W-2.

 

I get paid by the company remitting directly to my paypal account.  I can't find where or how in TT (deluxe) to report this income.

 

As best as I can read it, this is NOT foreign earned income because I earn it from physically being here in the USA.

 

Yes, it's legit;  I am training individuals online in a video classroom and get paid for my instructional services.

 

Guidance anyone?

 

0 1 433
1 Replies
Level 15
Nov 25, 2018 1:33:43 PM

What you have is foreign earned income anyway you look at it. It's  reported in the Foreign Income & Exclusions section of TurboTax under the Personal Income tab. In your case, you will NOT qualify for the foreign earned income exclusion is all, since you did not reside outside of the US while earning it. But it's still foreign earned income and gets reported as such.

Now if you paid foreign taxes on that income, all taxes paid for foreign taxing authorities are reported under the Deductions & Credits tab in the Estimates & Other taxes paid section. There is a sub-section in there for foreign paid taxes.