I have the grandmother's social security, so could I forgo issuing a 1099 MISC as long as the grandmother claims income paid to her.
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Yes, you can forego the 1099 because the grandmother is not being paid in the course of the payer's trade or business.
I assume this money paid is being used to claim the dependent care credit on the parents' tax return. If so, grandmother will need to report the self-employment income on her return as well.
If not, this income could be considered a gift to the grandmother and not reported.
Yes, you can forego the 1099 because the grandmother is not being paid in the course of the payer's trade or business.
I assume this money paid is being used to claim the dependent care credit on the parents' tax return. If so, grandmother will need to report the self-employment income on her return as well.
If not, this income could be considered a gift to the grandmother and not reported.
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