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Forum: Daycare and Taxes 03-07-2014, 08:29 AM
Replies: 5
Views: 3,698
Posted By TomCopeland
rent

You can't directly deduct any house expenses because you don't own the house. If you pay your parents rent, you could deduct the rent, but your parents would have to report the rent as income on...
Forum: Daycare and Taxes 03-05-2014, 08:33 AM
Replies: 5
Views: 3,698
Posted By TomCopeland
profit

Yes, I'd show a profit of at least $100 a year.
Forum: Daycare and Taxes 03-04-2014, 09:49 AM
Replies: 5
Views: 3,698
Posted By TomCopeland
Taxes

If you make less money, your taxes will be less and you will have less money in your pocket at the end of the year. You may not be able to claim all of your house deductions since they can't create...