Pre-school tuition

Forum|Forum|3 years ago
March 14, 2023
1 reply
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We are self employed 50/50 husband and wife. Business made no money, in the negative. Wife also works fulltime and received a w2. we have custody of a child that we paid pre-school tuition for (day care provided a tax form). when I go to the child dependent care section, it never shows where to enter day care expenses. Is this because the business made no money - has no "earned income" ?

TurboTax Home & Biz Windows

xmasbaby0

Level 15

If you are self-employed but show a loss, you will not be able to get the childcare credit. When you file a joint return and use the childcare credit --there must be earned income shown for both parents--unless one of the parents is a student or is disabled.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

renee9398Author

Level 2

Thank you for replying. Would it then be best to not file a negative business return (loss was 9k) no income. and only file Home with me (w2) and my husband and child?