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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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Old 04-14-2015, 12:31 PM
Abigail's Avatar
Abigail Abigail is offline
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Join Date: Jul 2010
Location: North Dakota
Posts: 2,414
Default What is my time space?

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?
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Old 04-15-2015, 09:59 AM
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TomCopeland TomCopeland is offline
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Join Date: Jun 2010
Location: St. Paul, Minnesota
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Default time-space%

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Originally Posted by Abigail View Post
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?
Your numbers are correct. Ask your tax person where her numbers came from.
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