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ron-galvin
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How do I report income from a family member

 
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How do I report income from a family member

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**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
ron-galvin
Returning Member

How do I report income from a family member

I received income from my brother for providing personal care for my blind brother over the last 15 years. He received an inheritance and used this money to pay me for his care.
ron-galvin
Returning Member

How do I report income from a family member

I would like a phone number where I can get live assistance from a tax expert from Turbo Tax

How do I report income from a family member

A taxpayer who is caring for a relative does not do so with a profit motive, but rather to help the relative. In such instances, the taxpayer is not in the trade or business of providing care and the income is not subject to self-employment tax. However, the payments are taxable and should be reported on Line 21, Form 1040 as ‘Other Income.’

Expenses the taxpayer incurs that are related to this activity are non-deductible personal expenses.

Self-employed Professional Caregivers typically will report income received on Schedule C.

What is the TurboTax phone number? https://ttlc.intuit.com/replies/3300041

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