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Daycare and Taxes>Closing Daycare - Starting Babysitting
Fool78 09:03 AM 02-16-2020
Hi. I’m not sure how to claim my home depreciation for being open only 5 months in 2019. Do I change the percentage for depreciation of home on Form 8829 to the August percentage as that relates to 5 months in business?

Background: I watched 1 child full-time last school year. Since it was full-time, I claimed business expenses and reported my income as a daycare. I stopped watching him at the end of the school year. Now I watch him about once a week for an hour or 2. Since this is infrequently, I am planning on reporting this as babysitting income. Is this correct?
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Tags:babysitting, closing, depreciation - home, home depreciation, taxes
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