Question

Do I need to report a housing stipend provided by a foreign employer?

Forum|Forum|5 years ago
March 18, 2021
1 reply
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I live overseas in China and my employer provides a housing stipend which does not fully cover the cost of my rent (I pay in the balance from my salary). Although I live close to the company, I do not live directly on the premise.

TurboTax Deluxe Online

J

JeffreyR77

Yes, you need to include this stipend in your foreign income. You also can include the additional housing exclusion if you are eligible to claim the foreign earned income exclusion.

Instructions for Form 2555 Foreign Earned Income (see Part VI)