"I have a daycare and when we go on field trips I pay the cost with my business credit card and the parents pay me. Do I include their payments as income?"

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"I have a daycare and when we go on field trips I pay the cost with my business credit card and the parents pay me. Do I include their payments as income?"

Yes, the parents' payments is included as your gross income; what you pay with your business credit card is reported as your expense.

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"I have a daycare and when we go on field trips I pay the cost with my business credit card and the parents pay me. Do I include their payments as income?"

Yes, the parents' payments is included as your gross income; what you pay with your business credit card is reported as your expense.

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