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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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Cost of Remodeling On 2018's Taxes?
We are in the beginning process of taking one large bedroom of our 5 bedroom home and making it into 2 seperate rooms, 1 side will still be a bedroom and the other side will be a bathroom for the first floor of our home, which includes daycare use.
How exactly with this play into 2018 taxes? Is this considered an addition, or something else? And in what category should I be keeping all the records/receipts for this project? Just when I figure out a good system for my record keeping and tax prep something new comes into play and I feel like a fish out of water trying to figure it out. |
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remodeling
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http://www.tomcopelandblog.com |
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deduction - remodel, record keeping, time space percentage |
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