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Daycare and Taxes>MMK, Expenses, T/S% Question??
Lisa4kids 11:48 AM 01-23-2011
I have never used the MMK Program other than to file my food reimbursement claims... after finding this wonderful site of information and all of the great things that are said about MMK, I have decided to try using the full system for my daycare home.
I have been entering expenses for last year into MMK, and was wondering if I need to use the t/s % for my utilities... from looking back at last years taxes, it looks like tthe t/s % was used by my preparer for line 20 on form 8829~but then i was confused when reading a few lines down to multiply that # by my business percentage. If I use the t/s % for utilities, doesn't that mean that the business percentage was already calculated. Do I need to give my preparer the "actual" total amount of utilities or the t/s% that MMK will give me? Thank you to anyone who responds!
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Tags:expenses, mmk, t/s%, taxes
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