I am trying to get the child care tax credit and the software is not recognizing my spouses earned income from the business section for 1099-K for self-employeed
05689
1 Best answer
Texas Roger
Level 15
May 31, 2019 6:41:31 PM
Question answered by poster. They are not eligible for child care credit because spouse did not have net income from business.
5 Replies
re2boys
Level 9
May 31, 2019 6:41:26 PM
Does the business show a profit?
Critter
Level 15
May 31, 2019 6:41:28 PM
Review your W-2 and their K-1 and make sure that each is listed for the correct person since each must have positive earned income for the form 2441.
re2boys
Level 9
May 31, 2019 6:41:29 PM
1099K is a document showing amount of sales processed through a third party entity, typically a credit card company.
nikkio10
New Member
May 31, 2019 6:41:30 PM
The business does not show a profit, and I believe that to be the issue
Texas Roger
Level 15
May 31, 2019 6:41:31 PM
Question answered by poster. They are not eligible for child care credit because spouse did not have net income from business.