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Posted by Katie on March 16, 2007, 12:52 pm
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> I was employed for the first half of the year, and
> self-employed for the second half of the year. Apparently I
> qualify for both the California child and dependent care
> credit taken on form 3506, and the employer child care
> contribution credit taken on form 3501. Can I , in fact,
> take both credits, or does taking one prohibit taking the
> other? I would use Jan-Jun expenses on the 3506, and
> Jul-Dec expenses on the 3501.
I don't see any reason why you cannot take both -- the Sec.
17052.6 child care credit for the part of the year when you
were employed, and the employer credit (Sec. 17052.18) for
the part of the year when you were self-employed. I
wouldn't be surprised, though, if the apparent doubling up
resulted in some correspondence with the FTB.
Katie in San Diego
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