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  • care-care
    Daycare.com Member
    • Oct 2010
    • 186

    Question Tom

    I had watched a child up until end of june 2015 the parent was done with school and had her brother take over watching him a few hours a week. My question is this I didnt not get any new children until January 2016, I am looking at my mmk and checking my utility bills and I wonder if the months I didnt have children if I can put my basic writeoffs? elecrtic heat etc? I had a few calls although It didnt work out for me to watch the children . what is your idea Tom?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    time-space%

    Originally posted by care-care
    I had watched a child up until end of june 2015 the parent was done with school and had her brother take over watching him a few hours a week. My question is this I didnt not get any new children until January 2016, I am looking at my mmk and checking my utility bills and I wonder if the months I didnt have children if I can put my basic writeoffs? elecrtic heat etc? I had a few calls although It didnt work out for me to watch the children . what is your idea Tom?
    The way you will come out best, taxwise, is if you calculate your time-space % based on the months you were in business and caring for children and then claim expenses for your home only for those months.
    http://www.tomcopelandblog.com

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