University professor was invited to a Canadian university for the thesis defense of students. They paid his hotel/food & 260 dollars for this service. How should report?
University professor was invited to a Canadian university for the thesis defense of students. They paid his hotel/food & 260 dollars for this service. How should report?
It depends. If this were an employer, they could provide food and lodging with no taxable consequence to you. You would only need to report the $260 earned above the meals and lodging.
There are more scenarios but I feel you would have asked the question differently.
I recommend you put the $260 under:
Less Common Income
Miscellaneous Income, 1099-A, 1099-C (bottom one)
Start
Other Reportable Income (bottom choice)
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Any other taxable income?
Select Yes
Enter description and amount
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