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Daycare and Taxes>What Should I do?
JeepGirl6 03:12 PM 08-11-2011
I did my taxes last year on TurboTax. Everything was fine, it was easy to understand. Well I have been working at a hospital for the past 3 months and continuing my day care. I am putting my notice in at the hospital tomorrow because I have decided Daycare is my passion, not the medical field. When I do turbotax next year, will I still be able to use it with having to do taxes for my daycare and the hospital w2? Will I have to hire someone since I will have to do daycare taxes and a w2 from the hospital? Thanks
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Pammie 05:36 PM 08-11-2011
I used Turbo Tax last year to file my taxes with my daycare income along with income from a part-time job reported on W-2s. Was no problem for me
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TomCopeland 01:21 PM 08-12-2011
When you work outside your home as well as doing child care in one year, you simply report your W-2 income on Form 1040 and then fill out Schedule C to determine your business profit and enter this on Form 1040 as well. Not a problem.
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Tags:turbo tax, w-2
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