Donna0220
New Member

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?