Claim deduction for wages paid to child from sole partnership business
How do I deduct w2 wages paid (>8000) to my 14 year old child from our business on my 2024 taxes. The software is not clear. This was issued to my child from our business.
Claim deduction for wages paid to child from sole partnership business
You would report wages paid to your child on your business return as regular wages paid. Can you let us know what kind of business tax form you're filing (Schedule C, Form 1120, Form 1120S, Form 1065) so we can provide a little more guidance?