Expenses Help Tom Copeland
I'm writing for Tom Copeland or anyone else that has an idea of what I can do. I do have Tom's book and think I'm understanding things correctly, but want to make sure.
I'm figuring things out on my kidkare expense program and wondered how I can claim or if I can claim different cable providers. We have the Direct TV app for cable channels and also have Netflix. Can I claim this and if so, what percentage. Also what about internet? What percentage? This is what I have so far. Am I correct? Gifts 100%. Is it $25 per person? For instance $25 a year for Johnny, $25 for Johnny's dad and $25 for Johnny's mom? Daycare Insurance 100% House Insurance t/s% Supply expense: 100% (storage containers, toys, office supplies, fire alarms, crafts, attendance book) Would these things be fine here or better split? Utilities (electric, gas, water) t/s% Cleaning supplies/paper products (toilet paper, paper plates, napkins, paper towels etc) t/s% Property taxes t/s% We replaced our fence this year. Under $2,500. Can I claim and if so where? Put new landscaping in. Plants, rock etc. Can I claim? how much? Thank you so much |
Expenses
Originally Posted by lovemykidstoo: Insurance: yes Keep everything you list under supplies Utilities, cleaning, property tax: yes Claim the time-space% of the fence on Schedule C as a repair and attach a statement electing this rule Claim time-space% of landscaping as repair on Schedule C |
Originally Posted by TomCopeland: |
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