Entering Minute Menu Info

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  • CraftyMom
    Daycare.com Member
    • Jan 2014
    • 2285

    Entering Minute Menu Info

    I am using Tax Act. When I enter in my expenses, should I enter in the amount Minute Menu calculated with my T/S% or enter in the full amount and let the software calculate the T/S%.

    I am confused here because Minute Menu calculates it for me, but then the software wants to calculate it also.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    software

    Originally posted by CraftyMom
    I am using Tax Act. When I enter in my expenses, should I enter in the amount Minute Menu calculated with my T/S% or enter in the full amount and let the software calculate the T/S%.

    I am confused here because Minute Menu calculates it for me, but then the software wants to calculate it also.
    Whenever you enter a number into tax preparation software, it will assume it's 100% business expense. This software will only apply the time-space % to the house expenses from Form 8829.
    http://www.tomcopelandblog.com

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    • CraftyMom
      Daycare.com Member
      • Jan 2014
      • 2285

      #3
      I see, thank you!

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