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Old 02-17-2020, 09:37 AM
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Day Care Owner
 
Join Date: Oct 2013
Location: Michigan
Posts: 1,675
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Originally Posted by Fool78 View Post
Hi. I’m not sure how to claim my home depreciation for being open only 5 months in 2019. Do I change the percentage for depreciation of home on Form 8829 to the August percentage as that relates to 5 months in business?

Background: I watched 1 child full-time last school year. Since it was full-time, I claimed business expenses and reported my income as a daycare. I stopped watching him at the end of the school year. Now I watch him about once a week for an hour or 2. Since this is infrequently, I am planning on reporting this as babysitting income. Is this correct?
If you are still in your home, Then it's still a Daycare.
If you are in their home then they may have to treat you as an employee and pay taxes on your behalf. However I'd wait for Tom Copeland to weigh in because I could be wrong.

Last edited by Michael; 02-17-2020 at 09:41 AM.
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