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