Hello TT community,
I am self-employed and retiring, I paid my daughter to clean my house and do yard work over the year. I didn't pay her out of my self-employment income and withdrew funds from my IRA account. Does she need to file a 1099K? Do I need to file a 1099k myself too? Where must I enter this in the Turbo Tax home and Biz. I do not consider this to be my business expense but rather a personal expense from my IRA withdrawal.
thank you.
Pang
You'll need to sign in or create an account to connect with an expert.
Your daughter may be required to file an IRS 1040 income tax return. The 2023 filing requirements may be found here.
If you answer "Yes" to any of the questions below, you may need to file a Schedule H Household Employment Taxes.
Schedule H taxes are reported under Personal, Other Tax Situations and Nanny and household employee tax in TurboTax Desktop Home & Business.
This IRS FAQ states that a payment settlement entity (PSE) must file IRS Form 1099-K for payments made in settlement of reportable payment transactions for each calendar year.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
wdleemd
New Member
wjtmoore
Level 1
Hornswoggled
Level 1
clover32
New Member
pangho
Level 2
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.