Employing Kids/rental Property
Hello
I own a rental property (converted from primary residence, in Jul 2008). I employed my 15-yr old son to do book-keeping, etc and paid him a small and reasonable sum of money. I understand this part of money is effectively subtracted from my job income, etc. Also, I already have an EIN.
a. How do I claim tax benefit? What is the IRS form or line item?
b. I am stretching this question - would you know where/what specific section in TurboTax would I fill this info in?
Thanks!
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