View Single Post
TomCopeland 07:55 PM 03-23-2018
Originally Posted by Quiet Time:
Maybe I'm doing this wrong, but I apply a TS% to almost everything I buy (except food and clothing). I have four kids of my own, but since 100% of my house is used for daycare, almost everything can be used by daycare. The ipod we gave to my son for Christmas plays music and white noise while the DCK nap, the bookshelf in my daughter's room I recently bought holds some DCK's books, etc...

I typically have less than $200 in items that are 100% day care expenses because my own kids could use almost anything I buy for DC.

I apply a TS% to almost everything and my supplies are typically around $8,000 and I'm only open 200 days a year.

So your total deductions seem a little low to me...or am I doing this all wrong?
You are not doing anything wrong. What other providers deduct should not be used as a guide to what you can deduct. When you buy something that is used by both your business and your family, use your time-space% and you'll be fine.
Reply