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Old 02-16-2020, 09:03 AM
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Fool78 Fool78 is offline
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Join Date: Jan 2019
Location: North Dakota
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Default Closing Daycare - Starting Babysitting

Hi. Iím not sure how to claim my home depreciation for being open only 5 months in 2019. Do I change the percentage for depreciation of home on Form 8829 to the August percentage as that relates to 5 months in business?

Background: I watched 1 child full-time last school year. Since it was full-time, I claimed business expenses and reported my income as a daycare. I stopped watching him at the end of the school year. Now I watch him about once a week for an hour or 2. Since this is infrequently, I am planning on reporting this as babysitting income. Is this correct?
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