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Deductions & credits
You likely received a 1099-NEC from the daycare because you received $600 and were not considered an employee but an independent contractor. Independent Contractor are treated as self-employed for tax purposes. The daycare owner is required to file a 1099-NEC to report payments over $600 to independent contractors.
You will need to include the amount on the 1099-NEC on your tax return. However, you can deduct any expenses related to your daycare work (e,g. business mileage, supplies, uniforms). Check out this TurboTax Help Article for a list of deductible expenses.
This link will take to directly to the section in TurboTax Online to enter your Form 1099-NEC. Here's a TurboTax Help Article with the step by step instructions.
February 1, 2025
6:18 AM