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MarkE1
Returning Member

How/where to enter when paying my child (age 12) to work for my business

 
5 Replies
SweetieJean
Level 15

How/where to enter when paying my child (age 12) to work for my business

MarkE1
Returning Member

How/where to enter when paying my child (age 12) to work for my business

My main question is where do I enter it in TurboTax? It seams like if I enter it under "Employee wages and work credit" I have to issue a W-3 form. Thank you

NCperson
Level 15

How/where to enter when paying my child (age 12) to work for my business

why wouldn't you? if you hired a family member, they are to be issued a W-2 and report that income on THEIR income tax forms. 

MarkE1
Returning Member

How/where to enter when paying my child (age 12) to work for my business

I agree if the family member is an adult, but in this case is a child. If I issue a W-2 to a 12 year old, it means they would have to file a tax return. Issuing 1099- MISC/NEC  would make it as self employed income - again, would have to file a return. 

NCperson
Level 15

How/where to enter when paying my child (age 12) to work for my business

why do you believe there be an exception for a child?

 

they worked like an adult, they were paid like an adult, taxes are due just like an adult, etc. etc. etc.  

 

 

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