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Daycare and Taxes>Tom, Can You Help Me??
Lost With Time & Space 12:11 PM 03-27-2012
I can't seem to figure out Time and space!

100% Business = 421 sq ft
1701 regularly for business = 1701
Total of sq. ft. = 2122

and my hours are 2646

I have been trying for an hour to get this part...still blank

Can you tell me my time & space PLEASE!

Also I closed my childcare on December 11 and moved to another state. Anything I should do to report it?
I am not going to open another childcare business.
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TomCopeland 03:01 PM 03-28-2012
421/2122 = 19.8%
1701/2122 = 80.2%

2646/8760 hours in year = 30.2% time
80.2% x 30.2% = 24.2%

24.2% + 19.8% = 44% Time-Space

Multiply 44% by all your house expenses. Ignore the fact that you closed your business close to the end of the year.
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