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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.
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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.
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
Yes, it does. The Qualified Business Income deduction applies to most of the self-employed taxpayers. To see more information, click here: QBI
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