If I make 50,000 in wages 1000 in interest 22 fmv Christmas ham 1500 and childcare how much gross income do I report?

unica32 · ‎June 4, 2019

If I make 50,000 in life wages 1000 in interest 22 fmv Christmas ham 1500 and childcare how much gross income do I report

Hal_Al · ‎June 4, 2019

$52,500. The $22 Xmas ham qualifies as a de minimis gift and is not reportable.

Any expenses associated with the child care income, including the use of your home, would reduce the net (but not gross) income

Hal_Al · ‎June 4, 2019

$52,500. The $22 Xmas ham qualifies as a de minimis gift and is not reportable.

Any expenses associated with the child care income, including the use of your home, would reduce the net (but not gross) income

TaxGuyBill · ‎June 4, 2019

Sounds like a homework question.

Unlock tailored help options in your account.