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Forum: Daycare and Taxes 02-05-2014, 02:19 PM
Replies: 7
Views: 3,784
Posted By TomCopeland
phone

Unless you can get your cable company to tell you how much each portion of the bill is for the phone, divide the bill into 3 (phone, cable, internet) and take the time-space % of the cable and...
Forum: Daycare and Taxes 02-05-2014, 10:44 AM
Replies: 7
Views: 3,784
Posted By TomCopeland
internet

You can deduct the time-space % of your internet and cable (assuming you use cable in your business). If you have a bundle of cable, internet and phone, divide by 3 and claim the time-space % of...
Forum: Daycare and Taxes 02-04-2014, 03:40 PM
Replies: 7
Views: 3,784
Posted By TomCopeland
phone

You should pick which phone line you want to consider as the first line into your home. You can't deduct any portion of the first line. You can deduct the second line based on your time-space % or an...
Forum: Daycare and Taxes 02-04-2014, 03:38 PM
Replies: 7
Views: 3,784
Posted By TomCopeland
phone

You can never deduct the cost of the first phone line into your home, no matter how much you use it for your business. You can deduct the time-space % or an actual use % of the second line. You can...