Only Operated For A Portion Of 2013

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  • My4SunshineGirlsNY
    Advanced Daycare.com Member
    • Oct 2009
    • 577

    Only Operated For A Portion Of 2013

    I operated my daycare business from Jan.-April 22nd in 2013 (taking time off while my 16 year old daughter goes through extensive surgeries).

    Remind me how I would enter this into Minute Menu Kids...I have my mortgage interest on my statement (showing one lump sum for the entire year). Do I take that amount and divide it into 52 weeks to see the weekly average and times that by the number of weeks I operated? I completely forgot how to do this when only operating for a portion of the year.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    time-space %

    Originally posted by My4SunshineGirlsNY
    I operated my daycare business from Jan.-April 22nd in 2013 (taking time off while my 16 year old daughter goes through extensive surgeries).

    Remind me how I would enter this into Minute Menu Kids...I have my mortgage interest on my statement (showing one lump sum for the entire year). Do I take that amount and divide it into 52 weeks to see the weekly average and times that by the number of weeks I operated? I completely forgot how to do this when only operating for a portion of the year.
    You were in business for 30% of the year (112 days/365 days). So, multiply your property tax, mortgage interest and house insurance by 30% and put that amount on Form 8829 to be multiplied by your time-space %.
    http://www.tomcopelandblog.com

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    • My4SunshineGirlsNY
      Advanced Daycare.com Member
      • Oct 2009
      • 577

      #3
      Thank you Tom!

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