2900694
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

coledan6
New Member

How can I record dependent care assistance program on Schedule C and also have form 2441 part 3 populate?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
CatinaT1
Expert Alumni

How can I record dependent care assistance program on Schedule C and also have form 2441 part 3 populate?

Dependent Care Benefits are shown in box 10 of a W2. Do you have employees you provide Dependent Care Benefits for? Did your Self-Employment business provide Dependent Care Benefits?

 

Part 3 of Form 2441 is used to reconcile any Dependent Care Benefits that were used to qualifying Dependent Care Expenses.

 

I need a bit more information to give you further advice.

 

Publication 503 (2022), Child and Dependent Care Expenses

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How can I record dependent care assistance program on Schedule C and also have form 2441 part 3 populate?

dependent care assistance plan or flexible spending account (FSA)  is provided from an employer to an employee. Unless you have a business that supplies these benefits to your employees, Schedule C does not apply to this situation. 

How can I record dependent care assistance program on Schedule C and also have form 2441 part 3 populate?

@leeloo is correct. A Dependent Care Assistance Program is a Flex Spending Account (FSA) offered through your employer. If you received dependent care benefits as an employee, they should be shown in box 10 of your Form W-2, Wage and Tax Statement. Benefits you received as a partner should be shown in box 13 of your Schedule K-1 (Form 1065) with code O.

 

Here are the steps to enter the information for Form 2441:

  • Sign into TurboTax and select Pick up where you left off.
  • At the right upper corner, in the search box, type in childcare and Enter
  • Select  Jump to childcare
  • Follow prompts
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How can I record dependent care assistance program on Schedule C and also have form 2441 part 3 populate?

If you are the owner of a small business, I'm pretty sure you can't give yourself dependent care benefits.  There are limits on section 125 cafeteria plans, they can't be used by owners (to the best of my memory).

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question