I opened my licensed daycare in 2013 and was only in operation for 4 months. I did my own taxes and reported my income however, I didn't worry about depreciation. I only deducted expenses that were 100% for daycare. Things such as wipes, diapers, pack and play, bouncy seat, car seat. I just wanted them done and didn't want to mess with an accountant. I only had one teacher's child enrolled so that child was not here while the teacher taught. I did not even deduct things like paper towels, cleaning supplies and such. Only the things specific to daycare. My children are older, by the way. Toys were what I had put back from when my kids were little and some my sister gave me.
Did I make a nightmare for my accountant this year in regards to depreciation since I didn't use any for 2013? I can't even see that it will make that much of a difference to amend last years tax return.
Did I make a nightmare for my accountant this year in regards to depreciation since I didn't use any for 2013? I can't even see that it will make that much of a difference to amend last years tax return.
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