Originally Posted by lovemykidstoo:
I have kids 5 days a week, 10 hours a day. Actually 10 hours and 10 minutes a day lol. When you talk about the average space percent, is that how much of my house that is used for daycare? I have a 4 bedroom ranch and the kids utilize every room except my small bathroom that is in my bedroom. If they're not playing in the rooms, they're sleeping in them.. So would mine be 100% or a bit less because of the bathroom?
Is there a way that I can estimate a bit for my taxes that I'm doing for last year since I didn't know I could do this?
You would use your T/S percentage for any rooms you use for daycare that you ALSO use for personal use outside of daycare hours. Any room that you use
ONLY for daycare and no other personal use (even storing personal items) is 100%.
My own T/S percentage is 39.26, which gave me a $10k deduction this year. I have one room used exclusively for daycare, the rest of the sq footage I use is deducted at 39.26%.