Daycare.com Forum - View Single Post - Need Desperate Help Figuring Out T/S Please

Originally Posted by BumbleBee:
Time percentage: 2800 hours worked divided by 8,760 (hours in a year) =0.3196 x 100 = 31.96%

Space Percentage:
Exclusive Use: 120 sq ft divided by 1,827 sq feet = 0.0656 x 100 = 6.56%
Partial Use: 1,533 sq ft divided by 1,827 sq feet = 0.839 x 100 = 83.9%

Time/Space % of home without exclusive use area: 31.96% (Time) x 83.9% (Space) = 26.81% + 6.56% (Exclusive Use) = 33.38%

I used Tom's Blog here: http://tomcopelandblog.com/the-exclusive-use-rule

The partial use square footage I calculated by taking your homes square footage of 1,827 then subtracting the room not used for daycare (144 sq ft) and the bathroom not used for daycare (30 sq feet) as well as the exclusive use area (120 sq feet).

I hope that helps some. I'm not a professional tax person so my calculations could be wrong. There are much more knowledgeable people about this kind of stuff on this forum for sure! I am not one of them. lol

This looks correct.