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Level 2
June 30, 2020
Question

I pay my kids for work to support my business. Where (which section) do I put down their wages?

  • June 30, 2020
  • 6 replies
  • 43 views
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6 replies

Critter-3
Level 15
June 30, 2020

Depends ... do you treat them as sub contractors / casual laborers    or   as employees and file payroll tax reports quarterly ? 

 

There are 17 unique categories for entering business expenses in the TurboTax Home and Business program for a Schedule C.  If you have a particular expense that does not fit in the other 16 categories listed use Other Miscellaneous Expenses at the bottom of the list.

  • Click on Business
  • Click on Business Income and Expenses
  • Click on I'll choose what I work on
  • On Profit or Loss from Business, click on the start or update button

On the next screen, click on Edit for your business listed.

On the next screen scroll down to Business Expenses

On Other Common Business Expenses, click on the start or update button

Level 2
June 30, 2020

I think employee would work best.  I wouldn't have to withhold taxes as they are both under 18.  Would it be under Household employee (schedule H).  Thanks

Level 15
June 30, 2020

Yes, they are employees.  No, they are not Household Employees.

 

When you are in the business section reporting your expenses for your business, there should be a place to enter wages to employees.

 

You did send out W-2s, right?  If not, that needs to be done (and pay late-filing penalties).