You'll need to sign in or create an account to connect with an expert.
Actually--you can. They cannot claim the daycare on their own return because they cannot get childcare credit for a child not claimed as a dependent on their own tax return. Your in-laws gave you a gift---you can claim the childcare credit that was paid by that gift. Gifts are not taxable and do not have to be reported on your tax return.
Actually--you can. They cannot claim the daycare on their own return because they cannot get childcare credit for a child not claimed as a dependent on their own tax return. Your in-laws gave you a gift---you can claim the childcare credit that was paid by that gift. Gifts are not taxable and do not have to be reported on your tax return.
Great! Thanks for the help! I didn't consider that as a gift, but makes sense. Appreciate it!
I agree with @xmasbaby0 , you can claim the dependent care credit, based on that gift payment. However, it would be better, for "proof" purposes, in the future, if they gave you the money and let you make the payment.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
siremonger
Level 1
kandicemcd
New Member
icashootnstar
Level 1
sophie-mintier
New Member
reginacolette
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.