Closing Daycare - Starting Babysitting

[Fool78]

Hi. I’m not sure how to claim my home depreciation for being open only 5 months in 2019. Do I change the percentage for depreciation of home on Form...

[ccdaycare]

Hello, we operate a home daycare in a state that allows a home investment tax credit for home daycare providers for purchases of qualified personal property...

[hgufrin]

Hi All,

We are running an unlicensed daycare on a regular basis in our home.

We have not applied for, been granted, and...

[tenderhearts]

We had the exterior of our house painted in 2018, where and how do I put this in my taxes? Under home improvement? Depreciate?

[Amcarpenter90]

I am attempting to complete my 2017 taxes following an extension. Turbo tax is confusing me, and I’m hoping for clarification.

Does...

[Mom2Two]

So I read your blog, about the new tax laws. It's a lot to take in, and I want to check my understanding on it.

If I understand correctly,...

[LittleExplorers]

I just opened this year. We finished our basement for the daycare. We plan to move in 2 years, but life can happen so no guarantees. How will depreciation...

[Snowmom]

I paid to get my taxes done this year and my accountant depreciated:
1. Windows we replaced: 39 years.
2. Water Heater we replaced: 7 years....

[Boymom]

I am confused about depreciation. Do I need to depreciate anything if I am just renting? Would I still need to depreciate couches, etc if they are more...

[aemcclane]

I see in figuring out what to depreciate, you are to subtract the value of your land from your purchase price (or tax assessment whichever is lowest)....

[Abigail]

Is my baby Swing
Smart TV
Crib
Upright Freezer
Beluga Rocker/Recliner
Master Bedroom Set and
Carpet..............all...

[Abigail]

I'm getting confused! 2012 was my first year of business and I have to finish my tax things in the next few days for my tax lady. Is it easier to just...

[CrackerJacks]

Can I depreciate home improvements made to the home we rent. This is not a rental property, we live in the home and pay rent to family members that jointly...

[TheGoodLife]

If I bought my house on April 26th, and the purchase value (minus land) is $198K. What would I claim for the depreciation value, if I started my DC business...

[WImom]

Need some help… We remodeled our daycare space. It is part of our house but is a dedicated space just for daycare (was formally our living room/dining...