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Financial Planning / Tax Strategies


Subject:  Re: Self employment tax Date:  6/22/2006  5:24 PM
Author:  wrjohnston91283 Number:  87522 of 127549

I would track them just to be on the safe side, but I'm not sure of the deductability. Because you are a)family and b)not running it as a business, im not sure you will be able to deduct these things. He's probably giving a 1099 so he can take a child care credit, but because you aren't running a daycare, it's more of a gift, especially since you are family.
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