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I had a job in 2020, but received some foreign consulting income. Can one of the turbotax software packages handle or i need to go to a professional accountant. The consulting gig did not pay enough to make it worthwhile to go to a professional. Tax was deducted at source.
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Yes, you would enter it as self-employment income and if you lived abroad then you might qualify for the Foreign Earned Income Exclusion. You can use TurboTax Online Self-employed or TurboTax Desktop Home & Business. Please see Compare TurboTax Products for more details.
To enter self-employment income:
To enter the information in the foreign section:
Please see What is the self-employment tax? and What self-employed expenses can I deduct? for additional information.
Thank you! Very helpful and kind of you to explain in details. I'll follow your suggestion.
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