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...

[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...

[LittleScholars]

Last year I read all of Tom's tax books in preparation for my first year being open for business. I had planned on depreciating my home because that's...

[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)....

[Jennifer91]

We remodeled our downstairs this summer. I know we use the T/S% for supplies we bought, but is there a breakdown we should use?

I want...

[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...

[krosey5]

We bought our home from my parents 3 years ago. We purchased the house for $30,000 less than what the house appraised for. We just started the daycare...

[marniewon]

I thought I read on here that in order to claim any mortgage depreciation I had to continue to live in my home for 5 years? We are moving at some point...

[kitkat]

Please help! I think I've re-read this stuff too many times and have confused myself! I started child care in 06. In 09 we had a home improvement and...

[My4SunshineGirlsNY]

So now I know I really should depreciate my home, and can't figure out HOW to calculate it. I use Minute Menu and it doesn't calculate it for me. I...