DMarkM1
Expert Alumni

Investors & landlords

According to the IRS here, it appears you would be a household employee and receive a form W2 from your employer.  Using the form W2 you receive, you would enter that form information in the Wages and income section the Job/W2 topic.  

 

Your employer is responsible for withholding and paying payroll taxes.  They can accomplish this on their tax returns using a Schedule H.  

 

The income to you would be the fair market value of what you received.  That will be the value you and the employer have agreed to. Here is a link to IRS Publication 525.  Refer to the Bartering topic. 

 

Finally, if you are unable to obtain a W2 from your employer you can still file using a substitute W2.  You do that in the Wages and Income>Job/W2 topic as well.  Simply fill in your employer information (you can leave ID number blank if you don't have it) and put the agreed value in boxes 1, 3 and 5. After that you will get to a page of "Uncommon Situations".  There you can select the option for "Didn't get a W2..."  Fill in the requested information.  You will need to print and mail your return for this option.    

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