View Full Version : What type of income is this, other income or schedule c
amy_howell
Feb 1, 2012, 10:51 AM
HI,
I babysat in my home for a few children all year. I was wondering if I had to claim this income on line 12- as a schedule c business- profit/loss type of income, OR, could I put the income on line 21-other income. Any help would be greatly appreciated. Thank you, amy
AtlantaTaxExpert
Feb 1, 2012, 12:27 PM
You ran a daycare facility, so you need to file Schedule C and possibly SE. you may also want to consider Business Use of the Home.
This is NOT a return for amateurs. Get professional help.
If you want my professional help, double-click on my title above and scroll down to my profile/signature. You will find my email address and websites there.
amy_howell
Feb 1, 2012, 01:33 PM
Thank you so much for your help. I will do just that. Liberty tax svce here I come. Thanks again. Ttyl, amy
AtlantaTaxExpert
Feb 1, 2012, 01:43 PM
Be careful! Make sure the person you use KNOWS about filing such a return. A fair number of tax "professionals" out there now are little more than data entry personnel who rely TOO MUCH on their tax software for their expertise.