Reporting Payment from International Client

3 replies
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Hello,

We have a large client based in Mexcio. We have received Wire transfer from them last year and I was told they will not be sending a 1099 - NEC.

Do I report this income as a 1099-NEC or is there somewhere else I should be reporting this?

TurboTax Home & Biz Windows

JulieSAnswer

Alumni - Intuit

I would choose General income as the category, but you could just as easily use Other income.

The descriptions are not firm guidelines, just suggestions of what your other income might be. These descriptions do not appear on the tax return, they are only on the supporting worksheets.

I am assuming this is regular business income, you just won't be getting a 1099-NEC.

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MinhT1

Alumni - Intuit

You report the income you received in cash, checks or bank transfers or without a 1099-NEC as self-employed income under Other self-employed income.

In business income, just under Type of Income, click on Add Income for this work
On the next page, click on the radio button next to Other Self-employed Income
Click Continue to enter your income received in cash, checks or bank transfers.

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pist0lAuthor

Level 2

Thank you for the quick response!

I'm a little confused as to how to get to where you are referring. Should I click "other Income" below?

When I do I see this which had me confused.

JulieSAnswer

Alumni - Intuit

I would choose General income as the category, but you could just as easily use Other income.

The descriptions are not firm guidelines, just suggestions of what your other income might be. These descriptions do not appear on the tax return, they are only on the supporting worksheets.

I am assuming this is regular business income, you just won't be getting a 1099-NEC.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"