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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc. |
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I have 2400 hours with children and 300 hours without children total of 2700 hours worked/ 8760 hours in a year.
My time percentage: 30.8% I have 2128 shared footage and 834 exclusive usage total square footage is 2962. I came up with 28.2% exclusive time/space percentage. Shared space is 71.8% Shared Space x Time Percent is 22.1% Leaving me with a time/space percent of 50.3% My tax lady on her computer entered my numbers and it said 58.98% How are we so different? |
#2
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