Daycare.com Forum

Go Back   Daycare.com Forum > Daycare and Taxes

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.

Reply
 
Thread Tools Display Modes
  #1  
Old 02-04-2018, 02:13 PM
Unregistered
Guest
 
Posts: n/a
Default Turbo Tax Question

After entering all of the daycare expenses into the business section in TurboTax, while jumping to the personal section, do you enter everything again into the job related expense category? They ask for mortgage interest, property taxes, utilities, homeowners insurance, and repairs? I just didn't want to enter things twice if I wasn't supposed too. Thanks.
Reply With Quote
  #2  
Old 02-05-2018, 11:48 AM
TomCopeland's Avatar
TomCopeland TomCopeland is online now
Business Author/Trainer
 
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 2,772
Default Turbo tax

Quote:
Originally Posted by Unregistered View Post
After entering all of the daycare expenses into the business section in TurboTax, while jumping to the personal section, do you enter everything again into the job related expense category? They ask for mortgage interest, property taxes, utilities, homeowners insurance, and repairs? I just didn't want to enter things twice if I wasn't supposed too. Thanks.
You should have to enter property tax, mortgage interest again in the personal section. That will be done by Turbo Tax based on your time space%. You can't deduct your homeowners insurance or repairs as a personal expense, so don't enter these again.
__________________
http://www.tomcopelandblog.com
Reply With Quote
Reply

Tags
turbo tax

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Turbo Tax question LD14 Daycare and Taxes 1 01-15-2015 10:46 AM
Daycare Non-Payment Question blueskiesbutterflies Daycare Center and Family Home Forum 6 11-17-2014 10:43 AM
Turbo Tax % Of Gross Income Question safechner Daycare and Taxes 2 04-04-2014 08:37 AM
Dumbest Question Of The Year.... Countrygal Daycare Center and Family Home Forum 14 09-01-2012 05:08 AM
Using Turbo Tax (Sharing some wonderful news) Little People Daycare and Taxes 1 02-23-2011 11:02 AM


All times are GMT -7. The time now is 08:59 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming