Investors & landlords


@pasknyc wrote:

I am just trying to understand:

No, it's me paying the parent so that I can work. I am just trying to understand why there is a difference (what does it matter who pays from her perspective). 

1) She is getting paid to watch her grandchild so that I may work - same as in paragraph below 2) She does not have a day care business or look after any other children - same as per the IRS paragraph. 

3) is there a reason she then does not claim payment on line 7a of 1040 as per paragraph below? 


 

#3 Of course there is. READ that aricle and what it is for in the first paragraph.

"2 below" says "income received from a state agency to care"  As in a foster child being paid for by the state. 

 

You are beating a dead horse.   I will not comment further.

 

That entire IRS article has nothing to do with your situation.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**