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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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#1
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Do I Need to Depreciate?
I am confused about depreciation. Do I need to depreciate anything if I am just renting? Would I still need to depreciate couches, etc if they are more than $500? Forgive my confusion, but I'm new at all of this tax stuff and I'm going crazy ha!
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#2
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Maybe Tom Copeland can comment on this. I would think if you bought the furniture that is used in your business you can depreciate it as a time space percentage.
Her is more info on that: https://www.daycare.com/forum/tags.p...ace+percentage |
#3
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depreciation
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http://www.tomcopelandblog.com |
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depreciation - home, time space percentage |
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