Originally Posted by Nisaryn:
Hello, I just got my Copeland tax book and was looking over how to calculate my T/S but I was only open from June...how would I calculate for half a year? If I follow the rules using the hours for an entire year I come up with an extremely low number....about 16% for the entire year! Is this correct or should I only use the hours for half a year? TIA for any advice!
Calculate your time-space % for 6 months divided by the hours in the year for 6 months. Then only deduct house expenses for 6 months.