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Retirement tax questions
TurboTax employee Isabella has previously addressed this issue.
"The income must be earned income to qualify for the child and dependent care credit. If this income is on a K-1:
If the K-1 is from a partnership (Form 1065), it will count as earned income if there is an entry in box 14 with code A net earnings from self-employment.
If this K-1 is from an S corporation (Form 1120S), then the corporation must have issued a W-2 as an employee for you to have earned income."
So, is the income listed one of these ways?
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May 7, 2020
10:52 AM