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Daycare and Taxes>Baby Shower Gifts
JessicaH 05:15 PM 10-20-2017
I am expecting a baby and was just wondering about claiming the things I have received as gifts for taxes. They were bought with my child in mind, but with running a daycare they are not just going to be used by my child. Baby's room is an approved daycare space and the kids are in there quite a bit so I know it's pointless to try and keep them away.
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TomCopeland 06:44 AM 10-21-2017
Originally Posted by JessicaH:
I am expecting a baby and was just wondering about claiming the things I have received as gifts for taxes. They were bought with my child in mind, but with running a daycare they are not just going to be used by my child. Baby's room is an approved daycare space and the kids are in there quite a bit so I know it's pointless to try and keep them away.
Deduct the time-space% of the cost of gifts used by your family and your business.
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Tags:baby showers, deduction - gifts, time space percent
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