foreign money earned

Forum|Forum|6 years ago
March 3, 2020
1 reply
13 views

I work in the US and received a W2 for my work in the US. I spoke at a conference in another country which I received a check for as compensation. I did not pay any taxes to the foreign government. Where should I enter this amount and can I deduct expenses from this like meals, transportation and lodging. Where do I enter this.

MinhT1

Level 15

You should report the speaking fee as self-employed income under Other self-employed income.

Against that income, you can deduct ordinary and necessary expenses.

You should use TurboTax Self-employed online or TurboTax Home & Business CD/Download.

To enter this income and related expenses in TurboTax, please see this TurboTax answer.

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user17722241341Author

Level 2

I work in the US and receive a W2. If I gave a lecture not in the US and received a check for it and put it on my taxes as self employed income does this a QBI.

Thanks