Due to our son and his wife making a low income. Wife and I want to know if we can deduct any expenses for baby sitting?
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The only way you could deduct the baby sitting expenses is if you were in the business of babysitting to make money. Then your son and daughter in law would have to pay you for doing the babysitting.
The IRS code reads: ordinary and necessary expenses for conducting a business.
The only way you could deduct the baby sitting expenses is if you were in the business of babysitting to make money. Then your son and daughter in law would have to pay you for doing the babysitting.
The IRS code reads: ordinary and necessary expenses for conducting a business.
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