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Daycare and Taxes>Partnership and Taxes
Annalee 11:46 AM 02-14-2014
Mr. Copeland, in a partnership (2 FCC related providers working together that split everything), may one schedule C off the other one. Thanks! 
TomCopeland 02:37 PM 02-14-2014
Originally Posted by Annalee:
Mr. Copeland, in a partnership (2 FCC related providers working together that split everything), may one schedule C off the other one. Thanks!
No. If you form a partnership, you must file partnership tax forms, neither of you can file a Schedule C. You will also lose the ability to depreciate the home the child care is provided in. I recommend instead, that the owner of the home hire the other person as their employee. See my article on partnerships:http://www.tomcopelandblog.com/2011/...rtnership.htmlMr. Copeland, in a partnership (2 FCC related providers working together that split everything), may one schedule C off the other one. Thanks!