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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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#1
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My daycare is a dedicated separate space on the lower level of my home and I use a pellet stove to heat the area. Are pellets for the pellet stove tax deductible and if so what category would I record them in?
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#2
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Deduct 100% of the pellets when heating an area used 100% for your business. Claim this as a utility on Form 8829 (column 1).
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http://www.tomcopelandblog.com |
#3
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Thanks Tom! I still may apply the TS% since the heat does travel upstairs to heat the rest of my house too.
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deduction - heating, tom copeland |
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