topic Why can't I claim the dependent daycare credit? I have W2 and my husband is self employed? in Deductions & credits

Why can't I claim the dependent daycare credit? I have W2 and my husband is self employed?

rahaffa08 — Thu, 06 Jun 2019 00:33:16 GMT

Does your husbands self employment Schedule C show a prof...

Lisa995 — Thu, 06 Jun 2019 00:33:17 GMT

Does your husbands self employment Schedule C show a profit? You each need earned income to qualify for child care credit...if he has a loss, he has no earned income.

We did have a schedule C but he had a loss and it was his...

rahaffa08 — Thu, 06 Jun 2019 00:33:18 GMT

We did have a schedule C but he had a loss and it was his first year. That makes sense. Thank you so much!!

I just had a thought. While that makes sense I still have...

rahaffa08 — Thu, 06 Jun 2019 00:33:20 GMT

I just had a thought. While that makes sense I still have to pay for daycare because I work full time and he runs his business full time, even if it doesn’t make us money. Is there any way around this?

It doesn't make much sense logically, I agree. That's ho...

Lisa995 — Thu, 06 Jun 2019 00:33:21 GMT

It doesn't make much sense logically, I agree. That's how it works with the childcare credit.

Ok. I appreciate your help!!

rahaffa08 — Thu, 06 Jun 2019 00:33:22 GMT

Ok. I appreciate your help!!