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system
1099 misc for taking care of foreign exchange students
user
according to intuit, you cannot claim the $50 charitable contribution, so the entire $2000 / month will be taxable instead of $1900. that's only an extra $35 if your combined tax rate is 35%. as ttt mentioned, do this for the experience, not for the money. my wife and i have been hosting international students for 10 years now. https://ttlc.intuit.com/questions/3152069-i-received-a-1099-misc-employee-compensation-for-hosting-a-foreign-exchange-student-can-i-complete-a-schedule-c-for-the-expenses
assistant