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grandparent providing child care
I am being paid for child care to watch my 2 grandchildren in my home.
I provide meals and snacks and drive to pick them up, to and from school and preschool. Can I deduct these costs from the amount that I am paid? Using the IRS guidelines for amounts for each meal/snack and the IRS mileage rate, I will end up with a net loss. Which schedule should I report the income and expenses?
March 22, 2024
2:39 PM