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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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Old 02-24-2020, 12:19 PM
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Baby Beluga Baby Beluga is offline
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Default Daycare Cameras

In 2019 I purchased 2 security cameras - one is installed in the classroom and the second one is installed on the front porch.
Both were 100% purchased for DC, but we benefit from the front porch camera outside of DC hours.

In regard to taxes are these a 100% DC purchase, or do I put these in my time/space % category?
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Old 02-24-2020, 03:35 PM
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TomCopeland TomCopeland is offline
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Default cameras

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Originally Posted by Baby Beluga View Post
In 2019 I purchased 2 security cameras - one is installed in the classroom and the second one is installed on the front porch.
Both were 100% purchased for DC, but we benefit from the front porch camera outside of DC hours.

In regard to taxes are these a 100% DC purchase, or do I put these in my time/space % category?
Conservatively, apply your time-space% to these expenses because you do use them personally. Assertively, you could claim a higher percentage than your time-space% if you can argue that it's used more for your business.
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Old 02-24-2020, 07:12 PM
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Originally Posted by TomCopeland View Post
Conservatively, apply your time-space% to these expenses because you do use them personally. Assertively, you could claim a higher percentage than your time-space% if you can argue that it's used more for your business.
Thank you Tom!
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