The income you received for providing Child Care income is considered as self-employment income by the IRS and should be reported on Schedule C. In addition, you should report any expenses related to your Child Care business on your Schedule C.
Please follow these steps to report your Child Care income and related expenses in TurboTax:
- Open your return in TurboTax
- Click the "Wages & Income" tab
- Click "I'll Choose What I Work On"
- Scroll down to "Business Items"
- Click "Start/Update" next to "Business Income and Expenses (Sch C)"
- From here, TurboTax will walk you through entering your income and expenses from your Child Care services
Please comment below if you have any other questions regarding your child care income so that I can assist you further.
