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Daycare and Taxes>Paying Taxes for Zero Income???
Crafty 07:31 PM 02-06-2020
Looking for your opinion.
I opened in-home daycare in October 2019 and by some reasons haven't started yet. So my income was zero.
My husband applies his taxes including me.
What should I do?Do I need tax application separately for my in-home daycare?

Please,need your advises
Thank you!
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Crafty 07:41 PM 02-06-2020
Texas state
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Michael 11:36 PM 02-06-2020
Welcome to the forum. Here are some threads that may be helpful: https://www.daycare.com/forum/tags.p...ly+or+separate
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rosieteddy 05:40 AM 02-07-2020
I think you should be able to claim -o income. I would look into it ,possibly with a professional tax person.Start up costs should be deductible.
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TomCopeland 07:14 AM 02-07-2020
Originally Posted by Crafty:
Looking for your opinion.
I opened in-home daycare in October 2019 and by some reasons haven't started yet. So my income was zero.
My husband applies his taxes including me.
What should I do?Do I need tax application separately for my in-home daycare?

Please,need your advises
Thank you!
I assume you were ready to care for children in 2019. In that case you can claim any business expenses on Schedule C and show a loss. That loss will reduce your husband's taxable income. You want to file jointly.
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Crafty 06:11 PM 02-07-2020
Originally Posted by TomCopeland:
I assume you were ready to care for children in 2019. In that case you can claim any business expenses on Schedule C and show a loss. That loss will reduce your husband's taxable income. You want to file jointly.
Thank you for respond!
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Tags:filing taxes jointly or separate, self-employment income tax rate
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