How to Claim Deduction for House that I Don't Own

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  • Red
    New Daycare.com Member
    • Mar 2020
    • 14

    How to Claim Deduction for House that I Don't Own

    Hi, I operate a registered daycare out of our home but I am not on the deed/title and we aren't married yet. I pay for half of all household expenses and use the entire downstairs for the daycare. I also have a playroom used exclusively for the daycare. How do I deduct anything on my taxes?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    unmarried

    Originally posted by Red
    Hi, I operate a registered daycare out of our home but I am not on the deed/title and we aren't married yet. I pay for half of all household expenses and use the entire downstairs for the daycare. I also have a playroom used exclusively for the daycare. How do I deduct anything on my taxes?
    Since you aren't married and your name is not on the deed, you can't claim any portion of mortgage interest, property tax, and house depreciation. You can deduct expenses you pay for such as utilities, house repairs and home improvements. You can calculate your time-space% in the same way as all other providers, including counting an exclusive use room.
    http://www.tomcopelandblog.com

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    • Red
      New Daycare.com Member
      • Mar 2020
      • 14

      #3
      Thank you, Tom!

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