I have EIN for my company, but being a sole proprietor, I usually declare taxes under my SSN schedule C.
Can I deduct the salary paid to my kid in my schedule C, or do I have to file a separate tax return for my company?
Reading here:
https://markjkohler.com/paying-your-children-in-the-business/#:~:text=Here%20is%20the%20procedure%3A....
it seems that in the circumstances described, I can declare it as another simple expense (up to $12,550 and under 18 years old).
Thank you.
