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Business & farm
If this was paid because they provided bona fide services, they are deductible. If you paid over $600 to one child you are required to issue them Forms 1099-MISC. If over $400, that alone makes them required to file a tax return due to self-employment tax.
To record these expense in your TurboTax Self Employed account follow these steps:
- My Account > Tools > Topic Search > Type business expenses > Go
- Edit your business > Select Business Expenses > Other Common Business Expenses > Contract labor
- Click the attachments to enlarge and view for assistance.
May 31, 2019
9:41 PM