qbteachmt
Level 15
03-08-2020
08:16 PM
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"Of course, you have no way of knowing as you do not know the amounts involved. One shouldn't assume."
You are debating the need for Sched C and you told us the employee paid $200 a month for health insurance. That isn't any assumption on my part.
It's interesting that on another topic, $1,600 was described as immaterial. And here, $2,400 at a minimum can be expensed, deducted from this person's taxable income.
Honestly, if everyone wants to send me the funds they consider "minimal in relation to the person's income" I'd be fine with receiving it.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers