I am homeschooling a friends child and being payed for it, how do I claim it on my taxes???
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I am homeschooling a friends child and being payed for it, how do I claim it on my taxes??? The girls are dropped off at 7am and picked up at 6pm. I provide bfast- lunch and two snacks. I do not have a day care! But it sounds like it. How do I claim these things on my taxes? How do they claim them on theirs?
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Answer:
You will file schedule C or C-EZ for the income and associated expenses, schedule SE to calculate self-employment tax for social security and medicare, and a form 1040. Your friend might be able to claim some of the amount, for the before and after school portion of the time, for a child care credit.
mistyeve... at Yahoo! Answers Visit the source
Other answers
Please limit your posts to just 1 or 2 boards. You posted this already on the US tax board. The 2nd post in homeschooling was sufficient.
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