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    mesulam's Avatar
    mesulam Posts: 1, Reputation: 1
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    #1

    Mar 26, 2015, 03:34 PM
    Hosting foreign student
    Is the payment received for hosting a foreign student a taxable income? I got a misc form
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 26, 2015, 09:29 PM
    If you got a Form 1099-MISC, you may need to submit Schedule C to account for that income, but you can deduct the costs of hosting the student to offset the income.
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