Default Style Register
Daycare.com Forum
Daycare and Taxes>T/S % Still Deductible Under New Tax Guidelines?
Natnat88 07:45 PM 05-16-2019
So after filing my 2018 taxes I actually faired well. The CPA informed me that I could no longer claim the T/S or any home utilities unless it was directly used ( EX: TV/internet). All other 100% daycare items were still good. CPA also told me to have the daycare pay monthly rent back to myself to make up for the loss in the T/S. Was trying to find literature on this change, but can't. Can anyone shed light on this?
Reply
Tags:deduction - utilities, time space percentage
Up