Is the money I receive nontaxable?

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J

JoJosAFH Asked April 2017

Is the money I receive nontaxable?

I provide an adult family home out of the home in which I reside with the clients. I was told if I provide respite care that it is taxable but if they live with me it isn't. But I received a 1099 misc. form and H&R Block is telling me it is taxable. Please help

Taxes

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score 0 · Answer 1

If you receive any income from them it is taxable, no matter where they live. If you paid expenses for them, then those expenses are deductible. I don't understand who told you that if they lived with you that income was tax exempt. I hope you kept good record of your expenses.

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score 0 · Answer 2

A few more details would be helpful.

Who owns the house?

Is caring for live-in adults your only source of income/livelihood, and you do it full time?

Are these charges of yours related to you?

Provide a few more details, please, and I'm sure you'll get some input. :)

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Is the money I receive nontaxable?

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