Child Care Provider

Forum|Forum|6 years ago
January 30, 2020
1 reply
22 views

My wife takes care of 2 kids (siblings) in our home 5 days a week and is compensated for this by the parents. She is paid by check weekly and the parents do claim this on their income taxes. They use her name and SSN. I am wondering how I should claim this income when doing my taxes with TurboTax? Thanks.

Mark

Best answer by AlanT222

Based on the information provided, your wife is a home daycare provider. She would report the income and expenses of running the business on Schedule C.

We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax.

Schedules C and C-EZ are supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.

To set up your business:

Open or continue your return.
Search for schedule c and select the Jump to link in the search results.
Answer Yes to Did you have any self-employment income or expenses? and follow the instructions.
1. If you've already entered self-employment work and need to enter more, select Add another line of work.

If you need Schedule C to report a 1099-MISC, search for 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-MISC? and follow these directions. We'll ask questions to find out if the income needs to go on Schedule C or C-EZ and add the right schedule to your return (if needed).

If your return only requires Schedule C-EZ, we'll generate Schedule C for calculation purposes. It won't be filed with your return.

AlanT222Answer

Level 15

Based on the information provided, your wife is a home daycare provider. She would report the income and expenses of running the business on Schedule C.

We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax.

Schedules C and C-EZ are supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.

To set up your business:

Open or continue your return.
Search for schedule c and select the Jump to link in the search results.
Answer Yes to Did you have any self-employment income or expenses? and follow the instructions.
1. If you've already entered self-employment work and need to enter more, select Add another line of work.