riverwatch
Level 1
12-07-2019
08:53 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client is a delivery driver for Pepperidge Farm and receives a 1099 misc. income from which his personal expenses are deducted. He is a single parent.
My question is, how does this income get treated as earned income for child care reporting?
Solved! Go to Solution.
Labels
George4Tacks
Level 15
12-07-2019
08:53 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Generally this goes on Schedule C and hence to SE and the 1040. I don't know how you got K-1 into the mix. Proper input with PS should give you a correct result.
Here's wishing you many Happy Returns
abctax55
Level 15
12-07-2019
08:53 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
1) personal expenses don't get deducting from F 1099 income.
2) there must be earned income to get child tax credit.
3) single or joint return?
edit...George has a good point; where'd K-1 come into the picture?
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
( Generic Comment )"
