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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 02-29-2016, 12:21 PM
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Miss A Miss A is offline
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Default Home Repairs for Daycare, But I Don't Own The Home?

I just have a quick question on home repairs and updates. My playroom is in desperate need of new windows, and I had planned to pay for these from my business account, thinking that it would be a business expense, as it is needed for daycare. My SO doesn't think that I should, as he owns the house, and my name is not on any deed. He worries that if I am audited, that it could come back to bite me. Is this true? I know nothing about this, and I was just assuming that because I used the room for daycare, all maintenance and repairs would be considered business related.
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Old 03-02-2016, 08:37 AM
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TomCopeland TomCopeland is offline
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Default home repairs

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Originally Posted by Miss A View Post
I just have a quick question on home repairs and updates. My playroom is in desperate need of new windows, and I had planned to pay for these from my business account, thinking that it would be a business expense, as it is needed for daycare. My SO doesn't think that I should, as he owns the house, and my name is not on any deed. He worries that if I am audited, that it could come back to bite me. Is this true? I know nothing about this, and I was just assuming that because I used the room for daycare, all maintenance and repairs would be considered business related.
If you pay for the home repair you can deduct the business portion even if you don't own the home. See my article: http://tomcopelandblog.com/can-you-c...re-not-married
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Old 03-02-2016, 10:01 AM
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Thank you!
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