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Business & farm
Apologies, I see I should have clarified better. I was trying to follow the guidance from this link:
https://ttlc.intuit.com/community/business-taxes/discussion/childs-youtube-income/00/2410658
The first thing to know is that YouTube does not allow a minor to earn income so it is apparently common practice to set up the Adsense account under the parent of the minor.
Anything that I have read that follows above guidance does not cover expenses.
I can also make a legitimate case that I covered all the expenses for my child.
If pub 929 is not in use anymore, what is the prevalent guidance currently for child income?
Thanks!
‎February 9, 2025
9:18 AM