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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 10-27-2018, 07:56 AM
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storybookending storybookending is online now
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Default Home Warranty

When I purchased my home in 2016 I also purchased a Home warranty as the house and all of the appliances were older. I pay $450 a year. I have not thought to write off the expense in the past (if allowed) and now I am wondering if I can write off my T/S% of the home warranty going forward.

If I am allowed to write off part of the expense am I then allowed to also write off part of the service charge the local appliance store charges for the house call. I believe last year it was $39 and they deemed my dishwasher unfixable and the warranty company bought me a brand new one.

My dryer quit working yesterday, Iím going to have my dad look at it and see if itís just something stupid I am missing and if not call the warranty people about getting the fixed/replaced.
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Old 10-27-2018, 03:55 PM
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Default Warranty

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Originally Posted by storybookending View Post
When I purchased my home in 2016 I also purchased a Home warranty as the house and all of the appliances were older. I pay $450 a year. I have not thought to write off the expense in the past (if allowed) and now I am wondering if I can write off my T/S% of the home warranty going forward.

If I am allowed to write off part of the expense am I then allowed to also write off part of the service charge the local appliance store charges for the house call. I believe last year it was $39 and they deemed my dishwasher unfixable and the warranty company bought me a brand new one.

My dryer quit working yesterday, Iím going to have my dad look at it and see if itís just something stupid I am missing and if not call the warranty people about getting the fixed/replaced.
You can deduct your time-space% of warranties on appliances and the service charge. These are considered "ordinary and necessary" for your business.
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Old 10-27-2018, 06:30 PM
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storybookending storybookending is online now
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Thank you Tom!
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