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What if the 1099-NECs interfere with the ability to take the Child and Dependent Care Credit?
All of my 1099-NECs are attached to my business, so even though I own the business it isn't registering as earned income (haven't had an issue in the past, but I also haven't successfully determined what might be different this year). As a result, I can't take the Child and Dependent Care Credit even though I have that earned income and a net profit. Should I be filing a separate form of what I paid myself in draws last year? I've never had to do that in the past.
‎April 13, 2022
1:23 PM