New Daycare with Mom/Filing Taxes Issues?
I'm planning on opening a Daycare with my mother, July 2018. We are going into this business as partners, 50/50, so my concern is how would we claim certain things as total income, write offs when filing taxes next year? We are both married and file jointly with our husbands.
If anyone has any experience or knowledge regarding this matter, it would be greatly appreciated. |
Would this be a center or in-home? Who owns the building?
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Originally Posted by Cat Herder: This forum has been a beacon of wisdom and is making me think about a few things before it's "too late". |
partners?
Originally Posted by deartasia: |
Originally Posted by TomCopeland: Thank you very much! I appreciate your advice |
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