Homestay Schedule C at Homestay

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Homestay Schedule C. List of form and attachment: Lampiran c 2(iv) information of import purchase:

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There is not a specific exclusion for these payments under the internal revenue code. The net profit or loss from this schedule is reported on form 1040. Since there is no exclusion, in order for it to be nontaxable to the host family, it would have to qualify as an expense reimbursement, under an accountable plan.

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The first section of the schedule c is reserved for your business information. Estates and trusts, enter on. Report to be prepared for exemption under schedule a for item 33a, 33b, 55, 63, 64 and 65: If you have a loss, check the box that describes your investment in this activity.