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Daycare and Taxes>Time/Space Question
slorey 08:48 AM 01-11-2014
I decided this year to follow the school calendar, so was closed the entire months of July and August. I filed paperwork with my state to be inactive for those 2 months, so I was unable to take children, even if I wanted to. How do I calculate my time/space? I am thinking I would subtract the total hours of july and august from the year's total and use that number as the total possible hours for the year. Is that correct? And, if I do that, can I count any additional hours I worked doing daycare stuff (planning for fall, rearranging my space, organizing toys, etc) those 2 months or not?

Or is it more beneficial to just claim the full year of hours, so I don't have to prorate my yearly bills (mortgage, interest, etc)? My time space percentage if I include July and August's hours is only about 13%, but without them, I assume it wouldn't be much higher (my t/s %is usually 20% or less because of all the time I get off for school breaks).

Not sure what way I am supposed to do it and want to make sure I am right!
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