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Deductions & credits
I agree that technically Bill is correct ... however ... if the daughter doesn't turn the mother in by claiming the Child Care Credit then how is the IRS to ever know. And now that we have educated her she now knows that she is giving her mom a gift &/or reimbursing her for the costs (diapers, food, transportation, entertainment, etc) for the child. Treating it as a gift/ cost covering arrangement between family members is common and impossible for the IRS to patrol even if they had a mind to do so.
‎June 4, 2019
11:39 AM