View Single Post
  #2  
Old 11-12-2015, 03:36 PM
Michael's Avatar
Michael Michael is online now
Admin & Owner-Daycare.com
 
Join Date: Aug 2007
Location: Moorpark CA, Ocean Ridge, FL
Posts: 7,305
Default

I think Tom Copeland answered this here: http://daycare.com/forum/showthread.php?t=67741

"You must report as income the value of your scholarship and the $500. Then, you can deduct as a business expense the value of the scholarship and the $500 based on the normal rules of depreciation. "
Reply With Quote