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Daycare and Taxes>Home/Daycare/Endorsement Insurance ??
Josiegirl 03:36 PM 03-10-2018
I have an email into my insurance company but was wondering if you could help. My homeowner's policy has a daycare endorsement but it doesn't tell me how much that is. It only gives me a total amount. My Tax accountant will need clarification.
Also, can a portion of our home insurance be deducted using the T/S formula?
Thanks for any answers!
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TomCopeland 03:34 PM 03-12-2018
Originally Posted by Josiegirl:
I have an email into my insurance company but was wondering if you could help. My homeowner's policy has a daycare endorsement but it doesn't tell me how much that is. It only gives me a total amount. My Tax accountant will need clarification.
Also, can a portion of our home insurance be deducted using the T/S formula?
Thanks for any answers!
Yes, you want to know the cost of the daycare endorsement because it's 100% deductible. You can deduct the regular homeowners insurance using your time-space%.
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Tags:deduction - insurance, homeowners insurance, homeowners insurance - endorsement, tom copeland
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