According to the IRS, if you are self-employed or own a business, you can employ your child and deduct their wages as a business expense which in turn reduces your taxable profit. A single member LLC is reported on Schedule C of your personal 1040.
Where do I enter self-employed business expenses? In TurboTax Online, the expense category is Employee Wages. In TurboTax Desktop Home & Business, the category is Employee Expenses.
Employing Your Children in Your Business
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