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Get your taxes done using TurboTax
You can call it a gift and she doesn't have to include it on her tax return.
But, if you claim the dependent care (day care) credit, she must report it as Self Employment, not "other income". It will be subject to self employment (social security and medicare) tax, as well as income tax
But, if you claim the dependent care (day care) credit, she must report it as Self Employment, not "other income". It will be subject to self employment (social security and medicare) tax, as well as income tax
‎June 3, 2019
12:03 PM
2,196 Views